Reference band : Such bands are shaded areas in a chart showing the points that fall in a particular reference area.
For a reference band, we need to set a range. Thus, from a reference band, we can set a range of reference and analyse the data points falling in that range.
Bollinger band : Bollinger bands are unique charts which have a more specific view than the reference bands.
These bands analyse the prices and variation in prices with time for a financial commodity or instrument. Also, we can say that bollinger bands can show a moving average with time.