PROTECTED SOURCE SCRIPT
Updated Robin's Yoondohyun band
Robin’s Yoondohyun Band
This custom indicator plots dual Bollinger Bands on the active chart, allowing traders to monitor both the 2 standard deviation (2σ) and 3 standard deviation (3σ) envelopes simultaneously.
Key Features:
• Basis line: SMA (default) or EMA option for flexibility.
• 2σ Band (blue): Standard Bollinger Bands with 2 standard deviations.
• 3σ Band (purple): Extended Bollinger Bands with 3 standard deviations for identifying extreme price movements.
• Fill shading: Each band is shaded to provide clear visual distinction between normal and extended volatility ranges.
How to use:
• The 2σ band highlights typical volatility boundaries, where price often oscillates.
• The 3σ band captures rare, high-volatility events — price moving beyond this zone may indicate potential exhaustion or strong continuation.
• Combine both to assess whether a breakout is a standard deviation move or an exceptional volatility spike.
This tool is designed for traders who want a more nuanced view of market volatility beyond the conventional Bollinger setup.
This custom indicator plots dual Bollinger Bands on the active chart, allowing traders to monitor both the 2 standard deviation (2σ) and 3 standard deviation (3σ) envelopes simultaneously.
Key Features:
• Basis line: SMA (default) or EMA option for flexibility.
• 2σ Band (blue): Standard Bollinger Bands with 2 standard deviations.
• 3σ Band (purple): Extended Bollinger Bands with 3 standard deviations for identifying extreme price movements.
• Fill shading: Each band is shaded to provide clear visual distinction between normal and extended volatility ranges.
How to use:
• The 2σ band highlights typical volatility boundaries, where price often oscillates.
• The 3σ band captures rare, high-volatility events — price moving beyond this zone may indicate potential exhaustion or strong continuation.
• Combine both to assess whether a breakout is a standard deviation move or an exceptional volatility spike.
This tool is designed for traders who want a more nuanced view of market volatility beyond the conventional Bollinger setup.
Release Notes
Robin’s Yoondohyun BandThis custom indicator plots dual Bollinger Bands on the active chart, allowing traders to monitor both the 2 standard deviation (2σ) and 3 standard deviation (3σ) envelopes simultaneously.
Key Features:
• Basis line: SMA (default) or EMA option for flexibility.
• 2σ Band (blue): Standard Bollinger Bands with 2 standard deviations.
• 3σ Band (purple): Extended Bollinger Bands with 3 standard deviations for identifying extreme price movements.
• Fill shading: Each band is shaded to provide clear visual distinction between normal and extended volatility ranges.
How to use:
• The 2σ band highlights typical volatility boundaries, where price often oscillates.
• The 3σ band captures rare, high-volatility events — price moving beyond this zone may indicate potential exhaustion or strong continuation.
• Combine both to assess whether a breakout is a standard deviation move or an exceptional volatility spike.
This tool is designed for traders who want a more nuanced view of market volatility beyond the conventional Bollinger setup.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.