About the Bollinger Bands.
The Bollinger Bands indicator was invented by John Bollinger in the s. The Bollinger Bands consist of a Moving Average, an Upper and a Lower Band and is included in Metatrader 4 and 5. The default settings are 20 for the period and 2 for the deviation. ewephoric.gq Free Indicators, Trading Systems & Expert Advisors for MetaTrader 4 & 5.
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Please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
The last observation is useful for forecasting price guideposts.