Bollinger Bands Trading Strategy Summary

Bollinger Bands indicator is a popular analysis indicator that can be used in various ways.

However, like most indicators it should not be used alone. Bollinger bands indicator work best combined with overbought & oversold indicators & oscillators.

Since Bollinger Bands uses forex price volatility to determine the forex market trend, forex traders should not use indicators that duplicate this information. Instead the Bollinger bands technical indicator should combined with technical indicators that measure volume or momentum.