Tags: #investments
Bollinger band's - best for 1D, 1W, maybe ~4hr but sometimes it's not accurate
Usage:
a. To identify explosive move (BBW) - when closer to 0,
b. verifying we're still on upward trend (candlebar should intersect the upper band)
c. if avg 20 is broken, either pullback or reversal
Not recommended to use it as sole indicator. Better results with RSI (my assumption: check if we're contracting in terms of price + higher lows in RSI)