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everget

Mean Absolute Deviation Bands

everget Wizard  
Volatility Bollinger Bands (BB) Standard Deviation MAD mean absolute meanabsolutedeviation deviation
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volatility bollingerbands standarddeviation mad mean absolute meanabsolutedeviation deviation
The other way to build bands around price that uses Mean Absolute Deviation instead of Standard Deviation.
MAD is also a measure of variability, but less frequently used. MAD is better for use with distributions other than the Gaussian.

MAD is always less than or equal to Standard Deviation and the resulting bands are more tighter for the same parameters if we compare it to Bollinger Bands.
snapshot

If you use band stops this can be useful.
Freelance -> Telegram: @alex_everget

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