Is Bollinger Bands Indicator and RSI Trading Strategy Profitable? - Full Tutorial with Trade Examples In today's video, we are combining the Bollinger Bands indicator with the Relative Strength Index in one single trading strategy, this is one of the strategies suggested by some of the subscribers of this channel after watching the videos where we backtested the Bollinger Bands trading indicator as well the RSI. The results were quite promising, but what if we trade Forex using the two indicators simultaneously. So if you are looking for a video on how to trade the Bollinger Bands or you would like to know whether it is a good strategy combined what the RSI indicator, that this video is right for you. That's what we are going to do today. Bollinger Bands is developed by John Bollinger in the 1980s and it is commonly used to measure the volatility of an asset. There are 3 components to Bollinger. The first one is just a simple 20-day moving average which is represented by the middle band. The second and third are the upper and lower bands that are two standard deviations away from the 20-day Simple Moving Average. In general, when the bands tighten during a period of low volatility, it raises the likelihood of a sharp price move in either direction. This may begin a trending move. Watch out for a false move in the opposite direction which reverses before the proper trend begins. RSI is a momentum oscillator that measures the speed and change of price movement. The RSI oscillates between 0 to 100, where anything above 70 traditionally represents overbought and anything below 30 represents oversold. In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market, the RSI would stay between the 10 to 60 range with the 50-60 zone acting as resistance. These ranges will vary depending on the RSI settings and the strength of the currency pair. So should we trade the Bollinger Bands with RSI indicator? Make sure to watch the video till the end to know the answer. If you are looking for a solid trading strategy to capture pips on a daily basis that this strategy is for you. #Bollinger_Bands #RSI_Indicator Our Recommended Courses: 🔖 Learn Cryptocurrency Fundamentals: http://shorturl.at/exXY0 💻Forex Trading Course (Beginners:) http://bit.ly/3pQUrnv 🌠Advanced Forex Trading: http://bit.ly/3usmFso 📈 Forex Fundamental Course: http://bit.ly/2NZ4AB6 👾 Learn How to Code a Forex Robot: http://bit.ly/2P2Lmex Contact us: ⭐📩Submit Your Trading Strategy for Testing: https://bit.ly/3h5hZlK 🌍 Our Website: https://www.tstlife.com/ 🤝 For Business and Partnership Inquiries: Partnership@tstlife.com 🌎 Facebook Group: https://bit.ly/34vfnJC 👉 Telegram Channel: https://bit.ly/34qO2bH Start Trading Today: ⭐ Our recommended tier 1 broker: https://bit.ly/3kR3BxF 🚀 TradingView Subscription ($30 off and lifetime discount): https://bit.ly/2I222Qm Our Recommended Course: 💻Forex Trading Course (Beginners:) http://bit.ly/3pQUrnv 🌠Advanced Forex Trading: http://bit.ly/3usmFso 📈 Forex Fundamental Course: http://bit.ly/2NZ4AB6 👾 Learn How to Code a Forex Robot: http://bit.ly/2P2Lmex Support Our Channel: 🎥 Subscribe To Our Channel: https://bit.ly/33CIPND 👕 Support our channel (Merchandise): https://bit.ly/2ZTqjhb Download: 📁 Download the Price Calculator: http://bit.ly/37xgUzW 📁 Download the Journal Trading Excel Template: http://bit.ly/34x12f8 📁 Download the Correlation Map: http://bit.ly/3pbV1fs 📁 Download the Expert Advisor: https://tstlife.com/traded-heikin-ashi-with-ea/ Video tags: bollinger bands bollinger bands indicator bollinger bands explained bollinger bands tested bollinger bands tested 100 times bollinger bands strategy rsi relative strength index bollinger bands and rsi strategy bollinger bands trading strategy rsi trading strategy rsi indicator rsi divergence trading strategy bollinger bands forex bollinger bands trading how to trade with bollinger bands bollinger bands trading strategy bollinger bands trading system bollinger bands breakouts bollinger bands signals how to use bollinger bands bollinger bands day trading tested 100 times