The Bollinger Bands strategy combines the Support and Resistance indicator to open orders based on a reversal signal. The accuracy of the strategy’s signals is 70%, which is relatively high when trading Fixed Time Trade.
Pin Bar in the Bollinger Bands pattern is an effective way of hitting a 5-minute short order. The Pin Bar candlestick is always a common signal.
RSI combined with Bollinger Bands(BB) very useful for trading over 30 minutes with 2-minute candles. Bollinger Bands help to detect fake divergences of RSI.
Bollinger Bands is a technical analysis tool which highly used by the investor. This article will help you know what Bollinger Bands is and how to use it.
