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 [...]
The basis of pivot point formulas, which traders use to calculate pivot point numbers, involves several steps. Traders should be able to interpret the rationale behind the calculations. According to the traditional formula, the pivot point is considered as the average of the previous session’s trading range combined with the closing. The support and resistance [...]
A good trading robot will download and analyze in milliseconds, huge amounts of data from the market exchanges. Those that utilize price, volume & momentum to calculate the trading calls are to be sought after, as these are the factors which really move all markets in real time. A good trading robot would then give [...]