how to trade with ""bollinger bands indicator"" in forex trading?

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Importance of Indicators in forex trading:

Forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye technical analysis per depend kerta ha. Technical Analysis man trader currency pairs aur commodities ki price movements ko smajhna k liye price chart ko read kerta ha. Q k price chart price k patterns man changes, momentum aur price k trend man change ko accuracy k sath identify kerta ha. Indicators currency pairs aur commodities k price chart man market price ki movement ko track ker k trade entry aur trade exit levels ko identify ker k deta ha.

Bollinger Bands Indicator:

Bollinger Bands Indicator ak famous technical indicator ha jo tamam financial market man use hona wala indicator ha, jo trendlines k ak set per moshtamil hota ha, jis man two ""Standard Deviations"" (negative and positive) jo price k ""Simple Moving Average"" k oper aur nicha hoti han. Is indicator man EMA price k liye pivot line k tor per work kerta ha. Jab price EMA sa oper ho to isko bullish trend aur jab price EMA k nicha ho to isko bearish trend consider kiya jata ha.

Bollinger Bands Indicator ko ""John Bollinger"" ko develope kia ha.


Key Takeaways:

i. Bollinger Bands Indicator ak technical tool jo market price k Oversold aur Overbought ka signal generate kerta ha.



ii. Is indicator man three trendlines hoti han, jis man mid wali trendline 20-days SMA hoti ha jo middle band, upper trendline jo positive Standard Deviations hoti ha ko upper band aur lower trend line jo negative Standard Deviations hoti ha ko lower Band ka name dia gya ha.

Calculation of Bollinger Bands Indicator:
Bollinger Bands Indicator man 20 days ki SMA use ki jati ha jis man last 20 days ki closing price k average ko le ker ak smooth line banti ha.

Standard Deviations average variance k mathematical measurement ha jisko statistics, economics, accounting and finance man commonly use kia jata ha.



Formula:

BOLU = MA (TP, n) + m * sigma [TP , n]

BOLU = MA (TP, n) - m * sigma [TP , n]

BOLU = Upper Bollinger Bands
BOLD = Lower Bollinger Bands

MA = Moving Average

TP (typical price) = (High + Low + Close) ÷ 3

n = Number of days in smoothing period (typically 20)

m = Number of Standard Deviations (typically 2)

Sigma [TP , n] = Standard Deviations over last n periods of TP

What do Bollinger Bands Tell you?

Bollinger Bands Indicator ak most popular technique ha. Bollinger Bands Indicator man jab price upper band k qareeb ho to isko ""Overbought"" aur jab price lower band k qareeb ho to isko ""Oversold"" consider kiya jata ha.

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Trading with Bollinger Bands Indicator:

Bollinger Bands Indicator per akela trading kerna bhot risky ha, isliye trader ko is per trading kerna k liye dosra kisi indicator ko ya candlestick patterns ko combination man use kerna chaheye. Jab upper band per koi bearish trend reversal candlestick pattern banna to is per trader ko ""sell ki trade"" active kerni chaheye aur Stoploss ko price k last high per place kerna chaheye aur Take Profit ko middle band per place kara.

Jab upper band per koi bullish trend reversal candlestick pattern banna to is per trader ko ""buy ki trade"" active kerni chaheye aur Stoploss ko price k last low per place kerna chaheye aur Take Profit ko middle band per place kara.

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Re: How to trade with ""Bollinger Bands Indicator"" in forex trading?

Bollinger Band Indicator

Bollinger band indicator ko John Bollinger ne tayar kia tha, aur pehle is ko Bollinger on Bollinger ka naam deya gaya tha. Bollinger band indicator k technique me teen band (lines) ko bunyadi security (currencies, stocks, commodities) k OHLC (open-high-low-close chart) baar chart (ya candlestick chart) k oper (on top) charaya (overlaying kia) jata hai.



Bollinger band ka darmeyana (central) band (line) trader ki muntakhib karda moving average index ka rozana (daily) band (close) hone ki aik sada (simple) calculated moving average hai. Bollinger band ka uper (top) aur necahy (bottom) band (line) central moving average k oper (on top) aur nechay (lower) chalne wale standard diviation hen. Chonkeh standard diviation uttar-charao (up and down) ka aik pemana hai, lehaza bands (lines) khud ko adjust karte hen. Bands tez market (volitile or fast market) me phel (wide spread) jate hen jab k mandi k dowran qareeb ho jate hen. Bollinger band indicator short-term trading k leye 10-days, medium ya darmeyana mudat k leye 20-days aur long-term trading k leye 50-days tak achay natayej deta hai. Ye dowraneya stocks aur bonds k leye hen, commodities aur currencies k leye is ko mazeed kam rakha jayega.
Bollinger band ko do (2) mukhtalif muntakhib karta trader k variable input ki zarorat hoti hai; moving average index me dino (days) ki tadad aur standard deviations ki tadad ki jo k moving average k oper (on top) aur nechay (lower) plot keye jate hen. Rozana ki bunyad per din k akhtetam par taqreeban 95% trades in teen (three) standard deviation k daryan hoti hen. Dosre parameter ki aam value 1.5 se 2.5 standard deviation tak hoti hai.
Jaisa k moving averages aik envelopes banati hai, Bollinger band indicator ka basic tareeqaykar ye hai k qeematen uper aur lower band k darmeyan ya andar rehti hai. Bollinger band indicator ki aik khas hososeyat ye hai k qeematon k utaar-charo ki bunyad par band k darmeyana faisla mukhtalif hota hai. Qeematon me bohut ziada utaar-charo (fast volitilety) k dowran, band ziada qeematon ko apne andar samane k leye wasee ho jata hai. Market ki mustahkam qeematon (kam volitilety) k dowran bands qeematon par qabo pane k leye tang (narrow) ho jate hen.

Bollinger Band Indicator ki Hososeyat

1. Band k tang (narrow) hone k bad qeematon me shadeed tabdeeli hoti hai, q k utaar-charo (volitilety) kam ho jati hai.
2. Jab qeematen bands se bahir nikalti hai, to ye mojoda trend k tasalsul (continuation) ko zahir karti hai.
3. Bands k bahir wale bottom aur tops (necahy - uper) ko agar band me maojood bottom aur tops follow karte hen to ye trend k wapasi (reversal) ko zahir karte hen.
4. Aik aisi qeemat jo aik band se shoro hota hai aur dosre band pe ja k jati hai, qeemat ki matloba hadaf k leye ye mushahida (observation) bohut kar-amad (useful) hai.

Bollinger Band ka dosre indicators k sath istemal

Bollinger band indicator khud se khareedo-ferokht (buy or sell) k signal tayar nahi karta hai. Is ko dosre indicators k sath istemal karna chaheye, aam tawar par Relative Strength Index (RSI) indicator k sath. Is ki waja ye hai k jab qeemat kisi aik band ko choti (touch) karti ahi to ye do (two) cheezon me se kisi aik cheez ki nishan-dahi karti hai; trend ka tasalsul (continuation) ya trend ki wapasi (yani rade-amal). Bollinger band indicator ka akele (themselves) istemal traders ki zaroreyat ko pora nahi kar sakta, kab k kab khareedo-ferokht (buy or sell) karna hai. MACD indicator ko Bollinger band aur RSI k sath istemal kia ja sakta hai.