Formulas:
Middle = EMA(Length_Vol_Band, Typical price),
Lower = Middle-devLow,
Upper = Middle+devHigh, where
devLow = devHigh*Low_Band_Adjust,
devHigh = EMA(Length_Vol_Band, V_Value),
V_Value = MVA(tpSeries, Length_Vol)/Dev_Factor,
tpSeries[i] = Typical price[i] - Low price[i-1] if Typical price[i]>=Typical price[i-1],
tpSeries[i] = Typical price[i+1] - Low price[i] if Typical price[i]<Typical price[i-1].
Download:
Volatility_Band.mq4- (2.35 KiB) Downloaded 817 times
Volatility_Band2:
Formulas:
Middle = EMA(Length_Vol_Band, Typical price),
Lower = Middle-dev,
Upper = Middle+dev, where
dev = EMA(Length_Vol_Band, V_Value)*Band_Adjust.
Download:
- Volatility_Band2.mq4
- (2.3 KiB) Downloaded 757 times