Vervoort Volatility Bands [LazyBear]

This is Mr. Vervoort's take on volatility bands. Sticking to his style, he uses highly smoothed data everywhere, also improves on the way the bands are calculated. Is this better than others? I will let you guys decide :)

More info:

List of my other indicators:
- Chart:
Master Index: List of all my indicators

- GDoc:
Remove from Favorite Scripts Add to Favorite Scripts
// @author LazyBear 
// List of all my indicators: 
study("Vervoort Volatility Bands [LazyBear]", shorttitle="VVB_LB", overlay=true)
src = hlc3
al = input(8, title="Average Length")
vl = input(13, title="Volatility Length")
df = input(3.55, "Deviation Multiplier")
lba = input(0.9, "Lower Band Adjustment Multiplier")

typical = src >= src[1] ? src - low[1] : src[1] - low
deviation = df * sma(typical, vl)
devHigh = ema(deviation, al)
devLow = lba * devHigh
medianAvg = ema(src, al)

MidLine = plot (sma(medianAvg, al), color=gray, title="MidLine")
UpperBand = plot (ema(medianAvg, al) + devHigh, color=red, linewidth=2, title="UpperBand")
LowerBand = plot (ema(medianAvg, al) - devLow, color=green, linewidth=2, title="LowerBand")
List of my free indicators:
List of my indicators at Appstore:

2 years ago
Well now I'm conflicted...
+1 Reply
LazyBear PRO grahvity
2 years ago
You forgot KC, STARC and my COG channel :P
+3 Reply
oaksacorn LazyBear
2 years ago
I like the DEnvelope. Where can I find the formula for it? Thanks
LazyBear PRO oaksacorn
2 years ago
It is in my published list

#112 in

Also, check out Denvelope Bandwidth and %B (#113 / #114)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out