Just wanted to know if there is any specific way of using the Bollinger Bands indicator for good guaranteed profits ?

1 View
Elsie Andrews
Answered 3 months ago
<p id="isPasted">BOLLINGER BANDS&nbsp;- Bollinger bands have three lines, an upper, middle and lower. The middle line is a moving average of prices; the parameters of the moving average are chosen by the trader. The upper and lower bands are drawn on either side of the moving average. The distance between the upper and lower band is determined by standard deviations.</p><div style="color: rgb(213, 214, 214); font-family: -apple-system, system-ui, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(38, 38, 38); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin-left: -12px; margin-right: -12px;"><div style="box-sizing: border-box; position: relative; margin-bottom: 1em; transition-property: undefined; transition-duration: 1s; transition-timing-function: ease-out; filter: blur(0px);" class="forexqa-img-container"><img src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1747656514126.png" width="512" height="413" style="border-style: none; cursor: default; box-sizing: border-box; max-width: 100%; height: auto; background-color: rgb(255, 255, 255); width: 730px;" class="fr-fic fr-dib fr-draggable forexqa-img"></div></div><p>SPOTTING OPPORTUNITIES:</p><ol><li id="isPasted">When the price is in a strong uptrend it will typically touch or run along the upper band during impulse waves higher. When it fails to do that it shows the uptrend may be losing momentum.</li><li>When the price …</li></ol>