This is Bollinger band indicator. Default value is set at length 20 with 1 Standard Deviation (Narrow)
Light blue region indicate votality of price movement between Upper and Lower Band
Line chart is represent price movement. Decision to buy/sell is as following :-
1 - Potential Buy - Price Line turned Green crossed above upper Band.
2 - Potential Sell - Price Line turned Red crossed below lower Band.
Note :- Price breakout from narrow band normally result in rally.
The longer duration of narrow band will result in stronger rally after breakout
Best use with "EMA Indicators with BUY sell Signal"
Light blue region indicate votality of price movement between Upper and Lower Band
Line chart is represent price movement. Decision to buy/sell is as following :-
1 - Potential Buy - Price Line turned Green crossed above upper Band.
2 - Potential Sell - Price Line turned Red crossed below lower Band.
Note :- Price breakout from narrow band normally result in rally.
The longer duration of narrow band will result in stronger rally after breakout
Best use with "EMA Indicators with BUY sell Signal"
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