FX:EURUSD   Euro / U.S. Dollar
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Bollinger bands smoothed with hlc3. Based on Sylvain Vervoort’s article “Within The Volatility Band.
More info and implemented platforms here : http://www.traders.com/Documentation/FEEDbk_docs/2013/08/TradersTips.html
It seems to be a nice indicator. Unfortunately I got a script error. I'm going to look at it closer to find a fix.
Thx for your works man !

Best Regards,
+1 Reply
Mirandole Mirandole
Fix :
study(title="SVE Bands", shorttitle="SVE Bands", overlay=true)
source = close
price = hlc3
averagelength = input(8, minval=1)
volatilitylength = input(13, minval=1)
deviationfactor = input(3.55)
lowbandadjust = input(0.9)

typical = iff(price >= price, price - low, price - low)
dev = deviationfactor * stdev(typical, volatilitylength)
devhigh = ema(dev, averagelength)
devlow = lowbandadjust * devhigh
medianavg = ema(price, averagelength)

midline = sma(medianavg, averagelength)
upperband = midline + devhigh
lowerband = midline - devlow

-- plot(midline, color=red)
++ plot(midline)
p1 = plot(upperband, color=white)
p2 = plot(lowerband, color=white)
-- fill(p1, p2)
++ plot(p1,p2, color=red)
+1 Reply
glaz Mirandole
Iv tested it and works fine, maybe bad/empty characters during the Copy/Paste
+2 Reply
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