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Bollinger

Bollinger Bands is a popular technical analysis indicator that helps evaluate market volatility and identify possible overbought or oversold zones.

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Indicator Structure

  • The middle line is a simple moving average (SMA) over the selected period
  • Upper band = SMA + (standard deviation × multiplier)
  • Lower band = SMA − (standard deviation × multiplier)

Standard deviation is a statistical measure that reflects how much values deviate from the average

How to Enable Bollinger Bands on the Exchange

  1. In the exchange terminal, click Indicators
  2. Type Bollinger Bands in the search field

Parameter Settings

  • Length — the number of candles used to calculate the SMA
  • Mult — the standard deviation multiplier. In GinArea, the available range is from 1 to 3
  • Important: use the same Length and Mult values in the exchange indicator as in the bot settings

Using in the Bot

  • Price > Bollinger — the bot will start if the price moves above the upper band of the indicator
  • Price < Bollinger — the bot will start if the price moves below the lower band of the indicator