Definition of Bollinger Bands

Bollinger Band is a tool developed by John Bollinger and created for the purpose of measuring market volatility. That is the core of it.

For more clarity read this article: What are Bollinger Bands?

Use Bollinger Bands in Binary Options

This is a fairly classic and aggressive style for using Martingale. If you keep the mentality and keep disciplined for a long time, there will be stable profits.

Match the indicators with the Bollinger Bands right

Specifically in the article using Bollinger Bands in combination with ADX and RSI. Each indicator plays an important role when analyzing the market. In which, ADX will be used as an indicator to determine trend, RSI is an indicator to define momentum, and Bollinger Bands will be used to analyze price movements.

That means you open Bollinger Band on the H4 chart and you want to see where this Bollinger Band on H4 is when you open the H1 or M30 chart. If using default Bollinger Band in Metatrader 4 software, open through H1 chart, it shows Bollinger Band of H1, opening M30 chart, it shows Bollinger Band of M30.

While using mere price action to measure price action is difficult, there is a simpler way for you to quickly grasp current market volatility. That is using volatility indicators like Bollinger Bands

This trading method using the retrieval feature when touching the upper or lower band of the Bollinger Band is best applied during a sideways market period. The most often sideways pair is USDCAD.