Hi, I think the best trading indicator that I've used is the Bollinger Bands, since its the best way to determine price action. The bands are placed above and below a moving average. Volatility is based on the standard deviation, which changes as volatility changes as volatility increases and decreases.
This dynamic nature of Bollinger bands also means they can be used on different securities with standard settings. For signals, Bollinger Bands can be used to identify M-tops and W-Bottomes or to determine the strength of the trend, meaning whether its bullish or bearish. Do you know other uses for this? please share..thanks
This dynamic nature of Bollinger bands also means they can be used on different securities with standard settings. For signals, Bollinger Bands can be used to identify M-tops and W-Bottomes or to determine the strength of the trend, meaning whether its bullish or bearish. Do you know other uses for this? please share..thanks