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| | Post New Topic | | Forex tricks & News - The Bollinger Bands And The Empirical Rule | Views: 29 | | Oct 30, 2009 7:52 pm | | Forex tricks & News - The Bollinger Bands And The Empirical Rule | # | 
Gene Hoglan | |
The Bollinger bands, created in 1980s by John Bollinger, are one of the most famous indicators in any Forex Trading Platform. This indicator has three main parts:
* A Central band: It is just a simple moving average with K periods determined by the trader. You could test it by drawing a moving average indicator with the same parameters that the Bollinger Bands indicator in the same chart.
* A Lower band: A line below the central band at X standard deviations from it, determined by the trader.
* An Upper band: A line below the central band at X standard deviations from it, determined by the trader.
Feel free to read more here: Fx Trading
All the Best,
Gene
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