One of the biggest problems with the Bollinger Band indicator is that it is slow to respond to rapid changes in the market. Once there has been a spike in the market, the bands often severely widen too much to be useful to any trader, and take a long time to come back together to a meaningful level.
Now with the ResettingBB indicator, once the price reaches a particular standard deviation level, the indicator resets its calculation accordingly.
So now you can easily have a 2.0 standard deviation band that will reset whenever the price reaches something more extreme like 3.0 standard deviations.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM’s Trading Station Desktop. Additionally, an FXCM account is required (including free FXCM demo accounts).
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