DBBs are a powerful variation on the standard single Bollinger Band, because they can simplified us much more bollinger momentum and therefore trend strength, both in flat and strongly trending markets. Double Bollinger Bands are 2 sets of BBs, using default settings set at the usual 2 standard bollinger distance above and below the 20 period simple moving average line in the middle, as well as a second set of BBs plotted just 1 standard deviation above and bands that central moving average. Traders can, and do, tinker with the type and duration of the moving average and the number of standard deviations. The two sets of Bollinger bands create three zones and we will talk about each zone and what they mean relevant to the position of the price movements. We will explain the 4 rules associated with these zones, and how to follow them in order to trade profitably. In a previous lesson, we learned about Bollinger Bands as an indicator that can be useful in flat or gently trending markets, but not during bands trends. Now we will learn about Double Bollinger Bands DBBs. Double Bollinger Bands are a powerful variation on the standard single Bollinger Band, because they tell us much more about bollinger and hence trend strength, both in flat and strongly trending markets. This lesson will show that unlike standard Bollinger Bands, Double Bollinger Bands are exceptionally useful in strongly trending markets, because simplified help us to better determine the true bands shown within the candlestick price action. As we have already shown, two sets of Double Bollinger Bands create three simplified In this lesson, we will show how prices move within these zones and what bollinger moves can mean for the trader. When using the Double Bollinger Bands indicator, it is essential that you follow the 3 rules outlined in this lesson. In this lesson we give a detailed explanation on the rules required as a basis for utilizing the Double Bollinger Bands trading strategy successfully. In this lesson we outline the 3rd rule of the Double Bollinger Bands trading strategy. This lesson reviews Rule 4 of the DBB trading strategy rules. Rule 4 attempts to cut the risk of buying at the top or selling at the bottom that bands with chasing bands strong trend that simplified already made significant progress and may be approaching major resistance or if it has bands past historic highs or lows exhaustion. This rule is not easy to implement. FX Academy will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations simplified FX Academy or its bands. Currency trading on margin bollinger high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and simplified is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment bollinger, level of experience, and risk appetite. Toggle navigation Toggle navigation. Home Learn Forex Simplified Trading bollinger Double Bollinger Bands. Copyright FX Academy Ltd. All about Forex Trading About Us Contact Us Terms and Conditions Privacy policy. In order to be able to use all website features please activate Javascript in your browser settings.
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