Benefits

• Bollinger Bands are visually simple 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 time-frame
• 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 doable to establish excessive value readings with Bollinger Bands, they don’t seem to be preferrred 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