Trend This indicator measures trend intensity by telling us where price stands in relation to its 90 trading-day range. A very low number tells us that price is currently at or near 90-day lows, while a higher number tells us that we are near the highs. A value at or near 50 percent tells us that we are at the middle of the currency pairs 90-day range.
---------- Post added at 11:37 AM ---------- Previous post was at 11:15 AM ----------
I don't know if anyone uses Bollinger bands but i noticed when the candles hit one of the lines either high or low it tends to go in the opposite direction. In a downturn the candles would trend right along the line sometimes or break through the bands. Attached i have a chart to show what i'm talking about. It seems to me that when it hits the currency usually declines or advances minimally. Is this correct in what i'm saying...Sorry if it is skewed as i'm not very familiar with technical analysis