CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Three Bollinger oscillators

Bollinger bands are a well known trader tool. The Bollinger oscillators are based on the Bollinger bands. They try to identify a change of direction in the market.

There are three variations of the Bollinger oscillator. These variations are fairly similar.

The Bollinger oscillator close uses the close price to calculate the indicator.
The Bollinger oscillator type uses the typical price (equals the pivot point) to calculate the indicator.
The Bollinger oscillator weight uses the weighted close price [high + low + (close * 2)] to calculate the indicator.

This example shows the Bollinger oscillator close indicator.

This example shows the Bollinger oscillator type indicator.

This example shows the Bollinger oscillator weight indicator.