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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 might be utilized on any underlying asset throughout any timeframe 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 doable to establish excessive worth readings with Bollinger Bands, they aren’t preferrred for this objective Though Bollinger Bands can set off their very own indicators, it is very important use these indicators in concurrence with different points of technical evaluation
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