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Old 21st September 2009, 21:25
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Default Bollinger Index Indicator

This indicator plots the location of price in relation to Bollinger Bands - it allows you to trade the Bollinger Bands in a more mechanical way.

Interpretation
Readings above 1 are considered OverBought (Short)
Readings below 0 are considered OverSold (Long)

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Great trading!
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