Bollinger Band Trading: How to Build a Profitable Trading System Using Bollinger Bands by Glenn Wilson

Author:Glenn Wilson [Wilson, Glenn]
Language: eng
Format: epub, mobi
Published: 2014-05-19T23:00:00+00:00

Chapter 5 – Buy Signals

Let us try to understand how Buy signals are generated in the Bollinger bands with the help of an example. The chart below is the daily chart of Goldman Sachs Group. As can be seen in the chart below whenever the stock has hit the lower end of the Bollinger band it has given a buy signal and prices have moved back towards the higher end of the trading band once they have crossed over the 20 day simple moving average in the middle.

Chapter 6 – Sell Signals

In the below chart for Amazon.com, Inc. (NASDAQ:AMZN), we can clearly see that a sell signal is generated whenever the stock has hit the higher end of the Bollinger band and it has then retraced back towards the lower end of the trading band. Bollinger bands can thus be used by traders in all time frames may it be hourly/weekly/daily.

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