Benefits
- Bollinger Bands are visually simple to interpret
- They can be utilized each as a volatility indicator and a momentum oscillator
- Bollinger Bands could 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 determine excessive worth readings with Bollinger Bands, they aren’t excellent for this function
- Although Bollinger Bands can set off their very own alerts, it is very important use these alerts in concurrence with different facets of technical evaluation
