September 29, 2020
Bollinger Bands
Bollinger Bands, a technical indicator was developed by John Bollinger, are used to measure a market’s volatility and identify “overbought” or “oversold” conditions.
Bollinger Bands is like rubber bands traps the price action.
Basically, the band tells us whether the market is quiet or whether the market is volatile.
When the market is quiet, the bands contract and when the market is volatile, the bands expand.