Bollinger bands converging
This indicator is developed for a trader to observe the tendencies on the market— whether it is calm or stormy. If the market is even, the bands are converging, if the market starts to move, the converging are diverging. In order to calculate the indicator it is needed to compute a doubled divergence with the movement within a certain period of time, thereafter up- and downwards from converging chart one plots the dots according to these calculations. In bollinger result, there should bands a graph, resembling an envelope. The volatility ascend on the market will make the chart look diverging, and correspondingly, the lowering of volatility will be pictured as a converging envelope. Bollinger bans are often used to recognize the moment when the price is ready to bollinger into a trend or, on the contrary, when a flat should be anticipated. Bollinger bands have a few peculiarities from the analysis viewpoint. When prices start moving horizontally, and on Forex market there is no vivid trend, the bands are converging. When a new trend is forming, the bands are diverging. Thus, if the bands have been in the horizontal channel for a long term, a strong breakthrough should be projected resulting in a new trend. Bollinger bands work well in combination with other types of charts. Though, taking a decision to open or close a position one should not consider signals of a single indicator. All your actions should be confirmed by numerous Forex indicators. Bollinger bands are becoming more popular among other indicators; every trader using the technical analysis for his trading strategy, should know the way to employ it. However, this indicator provides no precise signals for opening or closing positions on the basis of a price crossing the lines, but they can determine the borders, within which the price fluctuations can be analyzed by additional indicators. As a rule, together with Bollinger bands such indicators as the relative strength index, the MADC and Money Flow are used. Bands entry was posted on Friday, May 14th, at You can follow any responses to this entry through bands RSS 2. You can leave a responseor trackback from your own site. You must be logged in to post a comment. Events Finance Funny Stuff Important Announcements Interview Trading World Economy Photo Gallery. Leave a Reply Click here to cancel reply. Bollinger takes converging in ShowFx World in Dhaka. First ShowFx World Conference in Bratislava. About the company Our advantages Awards of company Media about us Trading platform InstaForex Club Contacts. Forex Analytics Economic calendar Stock and currency market news Analytical reviews Forex. Forex Articles InstaForex TV PAMM Accounts Partnership with InstaForex Support InstaForex.
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