Benefits
- Bollinger Bands are visually simple to interpret
- They can be utilized each as a volatility indicator and a momentum oscillator
- Bollinger Bands will be utilized on any underlying asset throughout any time-frame
- The indicator generates indicators that not solely present exact entry ranges, but additionally specify cease loss and take-profit zones
Disadvantages
- Bollinger Bands work higher in sideways markets than in trending markets
- Whereas it’s doable to establish excessive value readings with Bollinger Bands, they don’t seem to be splendid for this goal
- Though Bollinger Bands can set off their very own indicators, it is very important use these indicators in concurrence with different facets of technical evaluation