Faytterro Bands

2023년 2월 11일

what is Faytterro Bands?
it is a channel indicator like "Bollinger Bands".

what it does?
creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations.

how it does it?
it uses this formulas:

how to use it?
its usage is the same as "bollinger band".
length represents the number of candles to be taken into account, source represents the source of those candles and stdev represents the coefficient of the standard deviation.

you can use it with other indicators:

2023년 3월 7일

릴리즈 노트

Added dashed and transparent options.

2023년 3월 7일

릴리즈 노트

added color options.

2023년 3월 18일

릴리즈 노트

Fixed the labels on the price scale.
alarm added.

2월 6일

릴리즈 노트

The issue that caused the indicator to disappear after a while has been resolved.

4월 25일

릴리즈 노트

Fixed an issue where lines were drawn multiple times.