Bollinger Bands
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May 1, 2024
4 minute read
Bollinger Bands are a technical analysis tool that traders use to identify potential trading opportunities. They are a type of volatility indicator that measures the distance between the current price of an asset and its moving average. Bollinger Bands consist of three lines: a middle line, an upper line, and a lower line.
The Middle Line
The middle line is a simple moving average (SMA) of the asset's price over a specified period of time. The most common period used is 20 days, but traders can use any period they want.
The Upper and Lower Lines
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Find a path to becoming a Bollinger Bands. Learn more at:
OpenCourser.com/topic/nph41k/bollinger
