What does Bollinger Bands mean?

Bollinger Bands meaning in Finance Dictionary

Bollinger rings, called after their particular president John Bollinger, being a well known approach to technical evaluation for quite a while. They measure the assistance for, and opposition to cost changes of every particular stock, by plotting the conventional deviation of this moving average of a price.The longer a period of low volatility, the closer the groups are collectively, and also the more likely it's there will be a cost breakout from established cost design.

Bollinger Bands meaning in Law Dictionary

whenever three things make an upper and decrease trading channel. There are 2 standard deviations and a middle line. Whenever price changes its assessed over 20 days for a moving average.