Contents
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Benefits
- Bollinger Bands are visually straightforward 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 time-frame
- The indicator generates indicators 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 value readings with Bollinger Bands, they don’t seem to be ultimate for this objective
- Regardless that Bollinger Bands can set off their very own indicators, it is very important use these indicators in concurrence with different elements of technical evaluation
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