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Arranger77

Rma Stdev Bands

Arranger77  
Bands and Channels
20
1
bandsandchannels
Standard Deviation support resistances with percent boxes.

The Relative Moving Average isn’t a well-known moving average. But TradingView uses this average with two popular indicators: the Relative Strength Index (RSI) and Average True Range (ATR)

The weighting factors that the Relative Moving Average uses decrease exponentially. That way recent bars have the highest weight, while earlier bars get smaller weights the older they are.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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