In the stock market, traders can use the Bollinger Bands strategy. Bollinger Bands trading strategy is one of the strategies among more.
If traders use the Bollinger bands to buy or sell any share, we can say that it is the strategy. Every trader wants to get profit from the market, but it cannot. In such a situation, we can use such a proven strategy to get profit from the share market.
Best Bollinger bands settings
It is one of the tools and you can use it by using your best setup. But normally, If you want to do quick trades then you can use a moving average of around 10 and a standard deviation of 1.5. you can use the moving average at about 20 with a standard deviation of 2 for short-term Trading.
How are Bollinger bands calculated?
If you want to know how Bollinger bands are calculated, it is simple. The default setting will appear in the parameters window (20,2). The first number (20) sets the periods for the simple moving average and the standard deviation. The second number (2) sets the standard deviation multiplier for the upper and lower bands. Thus, it is calculated based on the 20 days moving average and the standard deviation.
Bollinger Bands strategy

Bollinger Bands’ strategy gives 95 % accuracy in trading. If you use it with market trends, then it will be higher accuracy in the trading. You can use it very simply to trade any stock in the secondary market.
When the red candle was built in the upper band of Bollinger, then you needed to sell your stock. When the green candle forms at the lower band or middle band, you can buy any stock from the secondary market. For more confirmation, you can use the trend of the share market or any stock. It is a down trend or up trend. You can test with your small amount of money to build trading confidence in the market. You see the below chart to make a buy or sell decision.