bollinger band setting | BTCC Knowledge

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What is a Bollinger Band?

The opposite is valid for an asset that trades below the bottom band. Traders commonly use Bollinger Bands to create an entry or exit strategy. For example, you want to place a buy order when an asset hits or crosses the bottom band. Frequently, an asset will bounce off from the bottom band.

How are Bollinger Bands plotted?

Bollinger Bands are plotted with two standard deviations away from a simple moving average. It is an two-line envelope, which surrounds price bars on a chart.

What are the best settings for Bollinger Bands?

The best settings for the Bollinger Bands indicator depend on the trading style and the asset being traded. However, the default settings of a 20-period SMA and 2 standard deviations are commonly used as a starting point. What are the benefits of using the Bollinger Bands Bounce trading strategy?

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