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Best moving average for 1 minute chart12/27/2023 The upper and lower bands can act as dynamic resistance and support levels, as traders generally avoid buying when the asset price hits the upper Bollinger band, respectively avoid selling whenever the price reaches the lower Bollinger band. How To Use Bollinger Bands As Dynamic Support & Resistance Levels How To Trade Bollinger Bands | Signals and Trading Strategies On the other hand, a 2.5 standard deviation Bollinger Bands or even a 3 standard deviation will generate fewer trading signals, but high-probability signals. Lower settings on the Bollinger Bands will generate more trading signals, but will also increase the number of false signals, as the price movement will exit more often from the bands. Position traders would use the Bollinger Bands with a 200 period moving average with 3 standard deviations.Swing traderswould use the Bollinger Bands with a 50 period moving average with 3 standard deviations.Day traders would use the Bollinger Bands with a 20 period moving average with 2 standard deviations.
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