OPEN-SOURCE SCRIPT
Sigma Volatility Bands
This indicator models and displays bands of potential future price based on historic realized volatility.
This can be used for finding price target where there is no past price action.
The price bands are derived from Standard Deviations based on input bars back of historic volatility.
More Inputs:
Lookback = Number of bars considered
Forward Bars = Number of bars to project bands forward
There are two display modes:
Forward shifted envelopes = (see below) Draws bands of price from the Standard Deviation
Forward for Anchor Lines = Draws a wedge out number of bars forward
(Vibe coded. Message me for suggested updates and improvements)
This can be used for finding price target where there is no past price action.
The price bands are derived from Standard Deviations based on input bars back of historic volatility.
More Inputs:
Lookback = Number of bars considered
Forward Bars = Number of bars to project bands forward
There are two display modes:
Forward shifted envelopes = (see below) Draws bands of price from the Standard Deviation
Forward for Anchor Lines = Draws a wedge out number of bars forward
(Vibe coded. Message me for suggested updates and improvements)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.