Technical Analysis (TA) indicators have been long used as some measure of market dynamic by traders.
It’s common that traders use multiple indicators as tools to assess the best buying and selling opportunity. No single indicator is a silver bullet for trading strategies as market dynamics can change on external factors. With that being said, a deeper analysis on the success rates of specific indicators would be useful for traders when making decisions.
In this new series, Copper will look at various indicators and cryptocurrencies and assess the accuracy rates for different time frames. As the series develops and back tests various indicators, we will further marry the results in order to give traders the insights to make decisions based on multiple market indicators together.
The second report of the series looks at Bollinger Bands, asking how successful of an indicator is it? After delving into the daily and hourly charts, we found some rather interesting data.
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