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Posted by ChartFilter on March 8, 2008, 5:21 pm
Bollinger Bands are one of the more widely known and used technical
indicators around. Most charting packages, even the most basic, have
them built in. The Bands are a volatility-based indicator which apply
the statistical measure Standard Deviation to provide a guide as to
how a given market or instrument is trading. There are a great many
ways Bollinger Bands can be employed in market analysis, but this
article focuses on how one can apply them to the identification of
markets ready to make a significant directional move. Continue reading
http://www.chartfilter.com/articles/technicalanalysis/bollinger.htm
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