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Wednesday, September 23, 2009

Bollinger Band

For bollinger band, the standard value is 20 with deviation of 2.0
When the bollinger band expand, that means there is a big change in price either uptrend or downtrend.
When bollinger band contract, that means it is going into consolidation.
When bollinger band contract until very tight. Take note of the change in price soon, uptrend or downtrend.


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