Bollinger Bands were invented by John Bollinger back in the eighties of the 20th century and were once the most frequently used tool when using technical analysis. At the heart of the Bollinger Bands - three lines - the upper, middle and lower. And they are used to identify extreme price values the trading instrument.
What does the data represent the band?
Upper Bollinger Band - is nothing more than an overbought territory trading instrument, the lower band -territoriya oversold trading instrument. To get a better picture of the market and uses this indicator - Bollinger bands, but it is often also used in conjunction with other indicators!
But first, I propose to consider it separately from the others and to build the simplest forex trading strategy based on it. Bollinger bands are standard trading Metatrader 4 terminal indicators.
To install it, go to the MT4 menu and choose - Insert / Indicators / Trends and activate the indicator - Bollindger Bands).
