Author: Maksim Artemov

The Master of Economics. Has been trading on the Forex and stock markets since 2009. My preference in trading is classic scalping with the use of technical analysis: support and resistance levels, patterns, candlestick analysis with money management compliance; it does not exclude the processing of signals on large timeframes (H4 and D1). I also hold daily webinars for newbies and experienced traders of RoboForex.

Bollinger Bands. Indicator Description

In the description of the indicator in the book "Bollinger on Bollinger Bands", it is said that the price remains at the borders of the lines 95% of the time and escapes those borders in 5 remaining percent. If volatility on the market is low, the upper and the lower lines are close to one the other, while the price is trading between them; the higher the volatility, the wider the channel formed by the three lines (pic 1). According to the classification, the Bollinger Bands are a trend indicator as it shows both flats and directed price movements. The timeframe may be anything from M1 to a year.