TARGET wrote:Yes it may be also a downtrend...stockback wrote:TARGET wrote:Band getting narrower means no real trend. I don't know how you use it to explain a breakout. Is it a new theory?
BREAKING DOWN 'Bollinger Band'
Because standard deviation is a measure of volatility, Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply.
YES YES. thats why its combined with ASI 200 Units. market moving to next level then GRAN will move very fast. we need some technical indication. then GRAN move very quickly