Volume-weighted bollinger (normal stats application of weighting mean) with cleaned up visualization. Shaded area represents1sd-2sd move size for trailing 20 period average on timeframe for individual candles.
Hey there fellow bollinger band fans!
The main point of this script is to give bollinger bands with a vwma basis rather than a sma basis. It is important to note that the default setting is to average the opening price rather than closing price of previous candles (just my personal preference). Also by default this script shows bands based on one, two and three...
This is a simple script to quickly see changes in % in each candle.
In blue open/close variation. In red Histogram with range between high and low.
This helps me understand very quickly what's the typical change in % for a specific timeframe/pair, so I can fine tune my Stop Losses and Take Profits.
The Donchian Channel was developed by Richard Donchian and it could be compared
to the Bollinger Bands. When it comes to volatility analysis, the Donchian Channel
Width was created in the same way as the Bollinger Bandwidth technical indicator was.
- This script to change bars colors.
The script is more meant as a study on the great idea by @m59 watching volatility in a scaled way. The idea for the script came in a discussion which value fits better. It uses different values that could be used interpreting volatility and scale it with different normalization methods to a same base. Have a look at the VCI - "Volatility Channel Index" by @m59. It...