Description
⋅ Interquartile Range Bands script.
This indicator was originally developed by Alex Orekhov at his home.
The idea based on the interquartile range https://en.wikipedia.org/wiki/Interquartile_range
If price breaks out from the bands then it is `outlier` price.
After breakouts price always returns to its median.
Watch squeeze/expansion periods.
Anyway use it as a supplement to the other indicators.
I will glad to get your feedback.
Release Notes
⋅ Refactored
Release Notes
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