Indicators: iBBFill
newdigital, 2013.08.06 14:05
Bollinger Bands Forex Trading Strategy Summary
Bollinger Bands is a popular indicator that can be used in various ways. However, like most indicators it should not be used alone. This indicator work best combined with overbought and oversold indicators and oscillators.
Since Bollinger Bands uses volatility to determine the trend, traders should not use indicators that duplicate this information. Instead these bands should combined with indicators that measure volume or momentum. The table below summarizes trading strategies used with this indicator.
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iBBFill:
The indicator plots the Bollinger Bands, filled with different colors depending on the trend direction.
If the price crosses the upper bound (upward trend), the Bollinger Bands fills with blue color, if it crosses the lower bound (downward trend), the Bands filled with pink color. If the price crosses the middle line, it's considered as a flat, and the Bands filled with grey color.
Author: Дмитрий