Binance, Exchanges

What Is Boll in Binance?

Boll is an indicator used in technical analysis that was developed by John Bollinger. The Bollinger Band consists of a simple moving average (middle band) and two standard deviations of that average (upper and lower bands).

Standard deviation is a statistical measure of volatility. The Bollinger Bands are used to measure market volatility and identify potential entry and exit points.

The upper and lower Bollinger Bands are often referred to as the “price walls” because they can act as support or resistance levels. When the price of an asset breaks out above or below the Bollinger Bands, it is often seen as a signal that the market is about to become more volatile.

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The width of the Bollinger Bands can also be used as a measure of market volatility. When the bands are wide, it means that the market is more volatile.

When the bands are narrow, it means that the market is less volatile.

The Bollinger Bands can be used in conjunction with other technical indicators to form a trading strategy. Some traders use the Bollinger Bands as a trend following indicator, while others use them as a mean reversion indicator.

The Bollinger Bands are not always accurate, but they are a useful tool for traders to use in conjunction with other technical indicators.

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