![]() The Bollinger Bands (BB) is a chart overlay indicator meaning it’s displayed over the price. ![]() When the market is quiet, the bands contract and when the market is LOUD, the bands expand. John Bollingerīasically, this little tool tells us whether the market is quiet or whether the market is LOUD! Now, enough about tools already!īollinger Bands, a technical indicator developed by John Bollinger, are used to measure a market’s volatility and identify “overbought” or “oversold” conditions. You might even find one that you understand and comfortable enough to master on its own. You might not necessarily use all of these tools, but it’s always nice to have plenty of options, right? For this lesson, as you learn about these indicators, think of each as a new tool that you can add to that toolbox of yours.
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