Trading with Bollinger Bands

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Bollinger bands are exceptionally helpful in determining when an asset has overshot to the upside or downside, it is important to use the bands to also set risk conditions, not just entry points.

Additionally, risk and reward should be set based on the width of the bands, or volatility, with narrower risk-reward during low volatility and wider risk-reward during higher volatility.

In contrast to most other indicators, the Bollinger Bands ® are non-static indicators and they change their shape based on recent price action and accurately measure momentum and volatility. Thus, we can use the Bollinger Bands ® to analyze the strength of trends and get a lot of important information this way.

[mo.techno]

Thank you !!! Very informative and helpful