How Do Bollinger Bands Compare to Other Technical Indicators?
Bollinger Bands are often compared to other volatility indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). While RSI measures the speed and change of price movements, and MACD shows the relationship between two moving averages, Bollinger Bands uniquely provide a visual representation of volatility and potential price extremes. Combining these indicators can offer a more comprehensive view of the market.