$59.00

A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standerd deviations (positively and negatively) away from a simple moving average (SMA) of a security’s price, but which can be adjusted to user preferences.

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BollingerBands settings

Alerts

  • When the price penetrades the Upper Band
  • When the price penetrades the Lower Band

Signals

Strong LongWhen the price is above the upper band
Weak LongWhen the price is above the Midline and the pricebar is bullish
NoneWhen none of the other conditions are valid
Weak ShortWhen the price is below the Midline and the pricebar is bearish
Strong ShortWhen the price is below the lower band

Settings

Number of standard deviationsThe number of standard deviations for the bands
PeriodThe number of bars to evaluate
Cloud OpacityThe opacity of the cloud between the bands
Cloud ColorThe color of the cloud between the bands
PlotsThe plot styles for Middle, Upper and Lower band