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Bollinger bands are technical analysis tools used by forex (i.e. Foreign Exchange) traders. Consider the exchange rate between two currencies plotted on a graph (with time on the horizontal axis)
Add a 20-day moving average, and lines that are two standard deviations above and below the moving average. These are Bolinger Bands.
Most exchanger rate moving will be between these two bands. Generally, when the exchanger rate hits the top band, it's likely to go down, and if it hits the lower band, it's likely to go down.
Traders use this information (together with other indicators) to decide when to buy or sell currencies.
See the Excel spreadsheet in the related link for a spreadsheet that plots Bollinger Bands.
What else can I help you with?
Can we really make some porfit from forex trading?
Forex trading takes a very disciplined approach and a good knowledge of the financial markets. Besides this you also need to have a good idea on how to read the charts and understand the various terminology such as bollinger bands, candlestick charts, and so on. More than 50% of forex traders never make big profits because their goals are just to make money, instead of focusing on 'how to make money'
What does FB or SP mean with coins?
Full Bands or FB is the term used to describe the horizontal and diagonal bands on the fasces on a Mercury Dimes. The SP may be a Satin Finish Proof which should be written as SFP.
What are the Credit Rating Bands?
The rating bands issued by the rating agencies are grouped as follows: 1. Prime Investment Grade 2. High Investment Grade 3. Medium Grade 4. Speculative/Risky 5. High Risk 6. In Default
Where can a person go to get information on equity lines?
One can get information about equity lines at local libraries, books, looking up information online or speaking with an equity lines expert, and many other ways.
Who owns holland America ship lines?
Carnival Cruise Lines. They also own Costa Cruise line and Princess Cruises.
Who is the inventor of Bollinger Bands?
Bollinger Bands were invented by John A. Bollinger in the 1980's. John Bollinger was born in Vermont, USA in the 1950's and is an influential technical analyst.
What is the birth name of Nick Bollinger?
Nick Bollinger's birth name is Nicholas B. Bollinger.
When was Bollinger created?
Bollinger was created in 1829.
How tall is Nick Bollinger?
Nick Bollinger is 6'.
What is the Bolinger Principle?
The Bollinger Principle is a technical analysis tool created by John Bollinger. It is based on the concept of trading bands that fluctuate above and below a simple moving average. The principle is used to identify potential entry and exit points in the financial markets based on volatility and price momentum.
When did George Wallace Bollinger die?
George Wallace Bollinger was born in 1890.
How tall is Adam Bollinger?
Adam Bollinger is 5' 9".
How tall is Max Bollinger?
Max Bollinger is 5' 10".
When was Doug Bollinger born?
Doug Bollinger was born in 1981.
When did Otto Bollinger die?
Otto Bollinger died in 1909.
When was Otto Bollinger born?
Otto Bollinger was born in 1843.
When was Terry Bollinger born?
Terry Bollinger was born in 1955.
