BBANDS

Bollinger Bands

The purpose of Bollinger Bands is to give relative definition of high and low of stock price.

INTERPRETATION:

  • Buy/sell when price touches lower-band/upper-band and close the position when price crosses the center line.
  • Buy/sell when price breakout above/below upper-band/lower-band and exit when price crosses the center line.

See Also: ACCBANDS.

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