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Volatility Adjusted Bands - JD

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This indicator gives a likely trading range based on the volatility of the past x amount of bars, measured against a certain moving average.
The indicator can be used as an alternative for BBands.
It gives approx. the same "trend-side" lines (upper line in uptrend, lower line in down trend) as the Bollinger Bands, but the opposite line follows closer on price,
Instead of "flying out" to the other direction like in BBands.

As a comparison, the BBands for the same length (50 period) are added on the chart.



JD.
#NotTradingAdvice #DYOR

I build these indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
Sürüm Notları
update to v4.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.