Based on source
https://www.prorealcode.com/prorealtime ... ity-bands/
The Jurik Volatility Bands can be used for entries for trends by using the Zero line crosses whilst counter-trend trades can be made once the oscillator line is close to the outer bands.
It works in range-bound and trending markets. In fact it based upon a Jurik filter that act as upper and lower bands.
It is an all-in-one indicator for Scalping, Counter-trend trading, Trend trading and gauging the market’s movements.
Note from the author: When counter-trend scalping on the smaller timeframes this indicator can sometimes cause new traders to jump in too early. Rest assured, it’s a highly effective trading tool so if you do open a position early you’ll find that price will eventually correct and you’ll be able to close at break even or in profit.
“Jurik Volatility Bands is a volatility indicator, displaying price in the channel. Exit from the channel is impossible, while reversal from the borders is the signal for entering the market. The indicator is equipped with arrows for convenience. It is applicable for scalping and intraday trading. Arrows may appear earlier at scalping, so you need to wait for candlestick is closed.”
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