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Contact Forextamil India, Forextamil India Office, Forextamil India Phone Number-Forex partnerships in India, Forex IB, Forex IB India

 

Contact Forextamil India, Forextamil India Office, Forextamil India Phone NumberForex partnerships in India, Forex IB, Forex IB India

Forex COIMBATORE,  Forex Trading COIMBATORE,  Forex Brokers COIMBATORE,  Forex Training COIMBATORE,  Forex Online Courses COIMBATORE Technical Analysis Part III-Section VIII: Bollinger Bands (BB) Forex COIMBATORE,  Forex Trading COIMBATORE,  Forex Brokers COIMBATORE,  Forex Training COIMBATORE,  Forex Online Courses COIMBATORE Section VIII: Bollinger Bands (BB)   Indicator was developed by John Bollinger. This indicator consists of three different components: A simple moving average in the middle An upper band, which is calculated by adding 2 standard deviations to the middle MA A lower band, which is calculated by subtracting 2 standard deviations to the middle MA. The principal objective of this indicator is to measure the volatility at any given moment relative to historical volatility of any given currency pair. Bollinger Bands Usage Usage No 1 – Volatility. When the upper and lower bands expand it indicates more volatility relative to previous periods. When the bands get narrower it indicates the volatility at the moment is lower than the volatility of previous periods. Usage No 2 – Bands as support and resistance. Sometimes the extreme bands can act as important support and resistance levels. Thus, we can take trades as the price bounces off the bands, as prices break out the bands, etc. This type of trading is recommended […]


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