BOLLINGER BANDS: Bollinger Bands is a technical indicator used to assess price volatility and potential entry or exit points for a stock. Bollinger Bands help identify overbought and oversold levels. Stock price above upper band suggest overbought and below lower band suggest oversold and there is a possibility of trend reversal from upper/lower band.
Bollinger Bands consist of three lines:
Middle Band: This is a 20 day simple moving average (SMA) of the stock.
Upper Band: Plotted two standard deviations above the SMA.
Lower Band: Plotted two standard deviations below the SMA.
This video will help Traders and Investors with step-by-step preparation of Bollinger Band values along with formulas. After watching this Video, Traders and Investors can prepare Bollinger Band values in Google Sheets to check the status of various stocks which are above / below Upper or Lower Bollinger Bands to take informed decisions. This will help traders who do not wish to download Screening Apps which contain a lot of ads unless subscribed to paid plans.
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MOVING AVERAGE: According to Investopedia, A moving average (MA) is a stock indicator commonly used in technical analysis. The moving average helps to level the price data over a specified period by creating a constantly updated average price. A simple moving average (SMA) is a calculation that takes the arithmetic mean of a given set of prices over a specific number of days in the past. In this video, Traders and Investors will learn step-by-step preparation of Stock Selection with 20 and 50 day Simple Moving Averages Screener along with formulas. With one time effort, Traders and Investors can prepare their own Screener to check the status of various stocks which are trending up/down to take informed decisions. This will help traders who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
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