OPEN-SOURCE SCRIPT
[blackcat] L2 SVE Volatility Bands
Level 2
Background
Sylvain Vervoort’s articles in the July issues on 2018,“The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands”
Function
In “The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands” in the July 2018 STOCKS & COMMODITIES, author Sylvain Vervoort introduced a new type of price band that he calls the SVEVolatilityBand. He created this new type of band to better highlight volatility changes when using non-time-related charts. According to the author, when using charts such as renko, traditional bands may fail to effectively highlight these changes.
Remarks
Feedbacks are appreciated.
Background
Sylvain Vervoort’s articles in the July issues on 2018,“The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands”
Function
In “The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands” in the July 2018 STOCKS & COMMODITIES, author Sylvain Vervoort introduced a new type of price band that he calls the SVEVolatilityBand. He created this new type of band to better highlight volatility changes when using non-time-related charts. According to the author, when using charts such as renko, traditional bands may fail to effectively highlight these changes.
Remarks
Feedbacks are appreciated.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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