Bollinger Bands Oil Method Summary

Bollinger Bands technical indicator is a popular technical analysis indicator which can be used in various ways.

However, like most indicators it should not be used alone. Bollinger bands indicator work best combined with overbought and oversold indicators and oscillators.

Since Bollinger Bands uses crude trading price volatility to determine the market trend, crude traders should not use indicators that duplicate this information. Instead the Bollinger bands indicator should combined with indicators that measure volume or momentum.