Bollinger Bands vs. Fibonacci Bands: what changes?

Bollinger Bands and Fibonacci bands can look similar while measuring different things. Check the formula before comparing their signals.

The main difference

Standard Bollinger Bands place bands around a moving average using standard deviation. A common starting configuration is 20 periods and two standard deviations. The width changes as price dispersion changes. See TradingView's Bollinger Bands guide.

“Fibonacci bands” is a family name, not one standard formula. For example, Shizaru's version uses ATR and Fibonacci multipliers; Rashad's version uses a volume-weighted average and standard deviation. Both can respond to volatility. The old claim that Fibonacci bands are always fixed is incorrect.

Compare them fairly

• Use the same symbol, session and timeframe.
• Write down what a band touch means in your test: an observation, an entry condition or an exit condition.
• Keep other rules unchanged while swapping the band calculation.
• Check sideways and trending periods separately.

A touch of an outer band does not guarantee a reversal. Neither name establishes which tool is better for scalping.

Explore band indicators and read each creator's calculation notes.