Amit_Ghosh

Amit_Ghosh

If you change this to a lower setting, 10 periods for example, then the indicator will be more sensitive to price movements. This will result in choppy and narrower bands that price will reach and break through more often. This will offer more trading opportunities, but the signals will be less reliable.

Amit_Ghosh

You can also use the distance between the bands to indicate how volatile the price of an asset is. If the distance between the bands is large, this indicates high volatility. Conversely, if the distance between the bands is small, this indicates low volatility.

Amit_Ghosh

If price reaches the upper band, this means it is relatively high and the asset could be overbought. You could look to sell an overbought asset on the assumption that its price will fall towards moving average. Conversely, if price reaches the lower band, this means it is relatively low and the asset could be oversold. You could look to buy an oversold asset on...

Amit_Ghosh

If price reaches the upper band, this means it is relatively high and the asset could be overbought. You could look to sell an overbought asset on the assumption that its price will fall towards moving average. Conversely, if price reaches the lower band, this means it is relatively low and the asset could be oversold. You could look to buy an oversold asset on...

Amit_Ghosh

It is important to remember that just because price may reach the outer bands does not always mean it will reverse. Always look for further confirmation from another indicator, or by using candlestick analysis.

Amit_Ghosh

Three main lines make up the Bollinger Bands indicator. The first of these, the central band, is a simple moving average. The second and third, the upper and lower bands, represent levels at which price is relatively high or low, compared to this moving average.

Amit_Ghosh

The Bollinger Bands Indicator is an oscillating indicator. Traders use it to measure the volatility of a market. The Bollinger Bands can help you to identify points at which the price of an asset is high or low relative to its recent average. This can in turn help you to predict when the price might rise or fall to its average level.

Amit_Ghosh Updated 

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...

Amit_Ghosh

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...

Amit_Ghosh

Short Wipro May 370 PE a 8.25 Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my...

Amit_Ghosh

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...

Amit_Ghosh Updated 

Shorting Polycab. Betting on a retest. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands...

Amit_Ghosh

Shorted 42700CE at 153.8. Stop Loss at 43100. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use...

Amit_Ghosh

And when the price moves down between the trend lines, it is called a descending channel. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks",...

Amit_Ghosh

When the price moves up between two trend lines, it is called an ascending channel. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You...

Amit_Ghosh

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...

Amit_Ghosh Updated 

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...

Amit_Ghosh

Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...