Trade Gold Trading

Bollinger Band Strategy Summary

The Bollinger Band indicator is a widely utilized technical tool for market analysis, applicable in numerous trading scenarios.

But, like most indicators, don't use it by itself. Bollinger bands work best with indicators and oscillators that show overbought and oversold levels.

Because Bollinger Bands uses how much the trading price changes to find the market trend, traders shouldn't use technical indicators that show the same information. Instead, the Bollinger bands indicator should be used together with technical indicators that measure how much is being traded or its strength.

Get additional tutorials and lessons at:

Gold Broker