The creator of Bollinger bands was Mr. John Bollinger. This powerful indicator uses an upper and lower band around price to measure how far price is deviating from the mean or middle. This allows the astute trader to asses where price is at currently relative to its mean or average. When price is overextended for [...]
Bollinger bands are one of the most useful indicators ever created. By measuring the volatility of price action on a chart the bands can provide keen insight into future price action. Using the moving average Bollinger bands looks back and calculates a mean and plots the bands by a specified deviation based on your input. [...]
In the late 1980’s a man by the name of John Bollinger created a tool to measure volatility he called Bollinger bands. Becoming a favorite among many, these bands provided a visual reference to price action relative to its mean. Although simple in concept who would have ever thought so much insight could be gleaned [...]
Created by Mr. J Bollinger these bands allow any trader to instantly see price on a chart relative to its volatility mean. They say that more than price action itself volatility will revert to the mean. The question becomes – when? Hence the concept of standard deviation… The Appeal of Bollinger Bands The attractiveness of [...]
Are you still using bars on your price charts instead of candlesticks? If so, you need to change that bad habit right away. Candlestick charting was developed in Japan, and some people still consider it “foreign” because of this. While candlestick interpretation has its own colorful language and mythology, you don’t have to know anything [...]