Similarly, for beginners, WeTrade believes that setting up Bollinger Bands is also very simple. Simply set two relevant columns in the Parameters tab: the "Length" or the time period for which the calculation will be made, and the "Multiplier" factor. If the investor wants to try it out, then it is possible to change other settings of the Classic Bollinger Bands. For example, changing the ** price from ** to the opening price can change the traditional method of building indicators, and we need to be warned, it may show unexpected results on some trading instruments.
Of course, investors and WeTrade can also change the color of the Bollinger Bands, move the flat**, and the chart area between them in the second "Style" tab.
If investors feel that what WeTrade is saying is a bit complicated, they can also follow the advice of ——— John, the creator of the Bollinger Bands, to use only two fingers in the trading process.
b allows you to determine the exact position of ** relative to the Bollinger Bands. This tool can be useful when developing a trading system that takes advantage of the relationship between ** behavior and swing behavior.
Bandwidth analyzes the current offset width. This indicator is very useful for finding the beginning and end of a trend, and bandwidth is an integral part of the squeeze technique.
Is it set according to what wetrade said, Bollinger Bands are so simple, if there are any doubts?You can leave a message in the comment area to discuss!Bollinger Bands