Awesome stuff :) Bollinger Bands are very simple actually. They work in correspondance to the 50 EMA, and give a equal distance both above and below. So if price breaches the bottom band, then it's a higher probability that price will go long, indicating a strong factor of confluence for a potential buy. Vice-versa for the top band. It's a very simple, and effective indicator for the chart. I used it a lot when I used to trade Binary Options :)

Might I ask how this post got 800+ views? I am intrigued :D

Talk soon!