Benefits

• Bollinger Bands are visually straightforward 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 timeframe
• The indicator generates indicators that not solely present exact entry ranges, but in addition specify cease loss and take-profit zones

Disadvantages

• Bollinger Bands work higher in sideways markets than in trending markets
• Whereas it’s potential to determine excessive value readings with Bollinger Bands, they aren’t very best for this objective
• Despite the fact that Bollinger Bands can set off their very own indicators, you will need to use these indicators in concurrence with different facets of technical evaluation