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

#112 in

Also, check out Denvelope Bandwidth and %B (#113 / #114)
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