The indicator draws the three lines of the world famous Bollinger Bands. However, what makes this indicator stand out are the trading signals it draws on the chart. They are divided into trend following signals, pullback signals and swing signals.
Parameters
- Period: the number of bars used to determine the Bollinger Bands.
- Width: the width of the Bollinger bands.
This is a simple indicator, so its trading signals should not be used alone, but one should take other signals into account before making a trading decision.
