bollingerband is a simple indicator and is very easy to use, it can be called a ping pong indicator, because when the price touches up then haga will go down, and vice versa.
The use of Bollinger Bands is not as simple and easy. sometimes there are fake signals and must be seen from various timeframes, not just seeing one timeframe to determine the entry position.
Bollinger bands are difficult but easy. the accuracy is also not good, in my opinion only around 55-65%
where do you get the value from? although the accuracy is still lacking, you can add a combination indicator or support to make it even better.
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
And what do u think about this picture sir?did bollingerbands is like pingpong like u saying?i doubt it if somebody says bollingerbands is easy to use
in my opinion about that picture. is a bollinger band pattern with bullish conditions and continues to penetrate the upperband. you should know in more detail you have to move to a larger timeframe. and bollinger for scalping in my opinion if the market conditions are only in the sideways trend.
its true,,so i think we can say that bollingerbands is easy to use because many of traders confuse with this indicator,,;D;D;D
Bollinger bands even though it's easy still if the character doesn't know, it can also give a loss.the point is to fully understand about bollinger bands, don't just say easy
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