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Bollinger Bands
Bollinger Bands is an indicator that measures volatility. This indicator sends Trade Signals when the current price hits the top or bottom band. For instance, if the current price hits the top band, this indicator will generate a sell trade signals. Conversely, if the current price hits the lower band, this indicator will generate a buy trade signal. You can adjust the bands by changing the deviation values.
Bollinger Bands® is a registered trademark of John Bollinger.
Tip: Use during sideways markets or to confirm trends with reversed signals.
Interface
Supported license & Trade types
Supported License
Supported Trade Types
Beginner license
Spot trading
Simple license
Margin trading
Advanced license
Leverage trading
General Settings
- Exchange Website to monitor
- Currency Pair to monitor for trade signals
- Update Speed
- Trade Signals
Tip: The exchange doesn't have to be the same exchange you are currently trading on.
Indicator Settings
- Length
- Number of candles (or time periods) before an action is taken.
- Dev Up
- Standard deviation above the middle band.
- Dev Down
- Standard deviation below the middle band.
Usage
This Indicator can be used with higher time intervals (such as 2, 4, 6, and 12 hours) as it will provide very solid trade signals. It is not recommended to use this indicator alone on shorter time periods, but it can be paired with other indicators to confirm smaller trends.
Last modified 3yr ago