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Bollinger Bands define high and low on a relative basis. By definition prices are high at the upper band and low at the lower band. John Bollinger

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The channels are typically set two Average True Range values above and below the 20-day EMA. There are two differences between Keltner Channels and Bollinger Bands.

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2003-11-24 · A Bollinger Band® is a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average of the security's price.

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