Necessary for traders: tools and indicators
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Necessary for traders: tools and indicators
Extended Bollinger Bands:
1. The Bollinger rail will change color depending on the direction ”
2. The expansion and contraction of the outer Bollinger rail will be marked by a change in the color of the outer rail ”
3. Any moving average, such as the EMA, can be chosen as the method for calculating the average Bollinger orbit. ”
4. You can also choose any mode of the price app to calculate »
I strongly recommend trend indicators, automatic calculation of the wave standard and the MT5 version of the automatic calculation of the wave standard.
I strongly recommend trend indicators, automatic calculation of the wave standard and the MT5 version of the automatic calculation of the wave standard.
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Bollinger bands are a very practical technical indicator designed according to the principle of standard deviation in statistics. It consists of three orbital lines, of which the upper and lower lines can be considered as price pressure lines and support lines, respectively. Between the two lines is the average price line. As a rule, the price line is located in the band consisting of the upper and lower guides. Take a walk and automatically adjust the track position when the price changes. When the wave range narrows, sharp price fluctuations can immediately occur; if the high and low points cross the edge of the range and immediately return to the wave range, a pullback will occur.
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