Benefits

• Bollinger Bands are visually straightforward to interpret
• They can be utilized each as a volatility indicator and a momentum oscillator
• Bollinger Bands may be utilized on any underlying asset throughout any timeframe
• The indicator generates alerts 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 attainable 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 alerts, it is very important use these alerts in concurrence with different features of technical evaluation