bollinger on bollinger bands

How to use bollinger band in the Forex market?

First, the use of a moving average of volume, traditionally a 50- day average, provides a consistent reference for whether volume is high or low (Figure 2.9). It is especially important to know whether volume is high or low on a relative basis when diagnosing M and W patterns (more on Ms and Ws in Part III). For example, most of the time volume will be higher on the left-hand side of a W bottom than on the right-hand side of the same formation.

Second, a reference to the average helps, but how do we compare across issues, or across markets? We do this by creating a relative measure. Divide volume by its 50-day moving average,3 multiply the result by 100, and plot it in the same place and in the same way you would have plotted the regular volume histogram with a reference line drawn at 100 (Figure 2.10). Conceptually you have grabbed the ends of the moving average and pulled it straight.

Psychological indicators such as sentiment surveys, option-trading indicators, and futures premiums Comparisons such as relative strength to the S&P and momentum rankings Intermarket data depicting the relationships between related items Transaction data such as bid and ask prices, the volume of each trade, and the exchange where traded Structural data including industry groups and economic sectors Firm-size data such as small cap versus large cap

a copy paste thread by uzzal using no brain...at least u should delete words like figure 2.9 and 2.1 and one more thing that English language used in your post tells that it is copy paste post..please change it in your own word....

KEY POINTS TO REMEMBER
Basic data include the open, high, low, close, and volume. n Don’t neglect the open. n Four types of charts are line, bars, point and figure, and candlestick. n Bollinger Bars are the marriage of bars and candlesticks. n Log scaling is important. n Normalize volume.

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