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What is Bollinger Bands?

Bollinger Bands is a trend indicator. Unlike most of the instruments of this group, it allows not only to determine the direction of price movement. Bollinger Bands helps to measure the volatility of an asset and find trend reversal points.

Bollinger Bands is optimal for trading assets with high volatility and in a strong trending market. It is most convenient to work with the indicator on the candlestick chart.