Bollinger Bands Trend Reversal Indicator
Bollinger Bands are a very popular indicator and it serves several purposes. It can be viewed as a Reversal indicator, a Volatility indicator, and a Statistical indicator. Bollinger Bands plots the 2 Standard Deviation range around a stock price movements, and the statistical definition says that 95% of price moves should in general stay within these bands. And these provide strong reversal clues
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