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Bollinger %B

As with all other indicators, don't just rely on the defaults, adjust your indicators to suit the stock you are looking at and your trading style.

Typically shorter look backs (lower #'s on your indicators) give you quicker signals which is good for aggressive traders, while longer look backs (higher #'s on your indicators) give slower but more reliable signals for traders who are more conservative.

 

As we always say: "Don't use your hard earned cash to find out what kind of trader you are, use a virtual account for that."

Links for free virtual trading sites can be found on our Resources page:

 

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