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What is Bollinger Bands

12/09/2011 09:39pm - via http://www.fxtechnicaltr... - Details

FxTechnicalTrade: Bollinger Bands is a very useful technical analysis tool developed by John Bollinger in 1980s. The purpose of Bollinger Bands is to provide a relative definition of high and low. Bollinger Bands consist of a center line (a simple moving average)...

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FxTechnicalTrade saved this page on 12/09/2011 09:39pm

Bollinger Bands is a very useful technical analysis tool developed by John Bollinger in 1980s. The purpose of Bollinger Bands is to provide a relative definition of high and low. Bollinger Bands consist of a center line (a simple moving average) and two price bands above and below of the center line, these bands will expand when the price of an asset or a market instrument becomes volatile and contract when the pair trades in a tight range.

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