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Which of the following statements is most likely true about Bollinger bands? Group of answer choices It consists of a moving average plus a higher
Which of the following statements is most likely true about Bollinger bands? Group of answer choices It consists of a moving average plus a higher line representing the moving average plus a set number of standard deviations from average price and a lower line that is a moving average minus the same number of standard deviations. It is based on the assumption that in an uptrend, the stock price tends to close near the high of its recent range, while in a downtrend it tends to close around its recent low. It is the difference between the shortterm and longterm moving average of a security's price
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