Indicator - Bollinger Bandwidth
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Calculation Bollinger Bandwidth
Indicator=(Upper bollinger band - Lower bollinger band)/Moving average.
Interpretation Bollinger Bandwidth
This indicator is calculated from bollinger bands, and it helps indicate if the market is in a strong trend or not.
If the indicator rises, it indicates that the market has entered a trend and if it is falling, it indicates that the trend is almost over.\nIn a market without trend, you can refer to the Bollinger bands. The lower band can be used as a support and the upper band as a resistance.
