Benefits

• Bollinger Bands are visually simple to interpret
• They may be able to be used each as a volatility indicator and a momentum oscillator
• Bollinger Bands can also be carried out on any underlying asset throughout any period of time
• The indicator generates alerts that no longer most effective supply exact access ranges, but additionally specify forestall loss and take-profit zones

Disadvantages

• Bollinger Bands paintings higher in sideways markets than in trending markets
• Whilst it’s conceivable to spot excessive value readings with Bollinger Bands, they aren’t splendid for this goal
• Even supposing Bollinger Bands can cause their very own alerts, you will need to use those alerts in concurrence with different sides of technical research