Robin's Yoondohyun band

avant-hier

Robin’s Yoondohyun Band

This custom indicator plots dual Bollinger Bands on the active chart, allowing traders to monitor both the 2 standard deviation (2σ) and 3 standard deviation (3σ) envelopes simultaneously.

Key Features:
• Basis line: SMA (default) or EMA option for flexibility.
• 2σ Band (blue): Standard Bollinger Bands with 2 standard deviations.
• 3σ Band (purple): Extended Bollinger Bands with 3 standard deviations for identifying extreme price movements.
• Fill shading: Each band is shaded to provide clear visual distinction between normal and extended volatility ranges.

How to use:
• The 2σ band highlights typical volatility boundaries, where price often oscillates.
• The 3σ band captures rare, high-volatility events — price moving beyond this zone may indicate potential exhaustion or strong continuation.
• Combine both to assess whether a breakout is a standard deviation move or an exceptional volatility spike.

This tool is designed for traders who want a more nuanced view of market volatility beyond the conventional Bollinger setup.

avant-hier

Notes de version

Robin’s Yoondohyun Band

This custom indicator plots dual Bollinger Bands on the active chart, allowing traders to monitor both the 2 standard deviation (2σ) and 3 standard deviation (3σ) envelopes simultaneously.

Key Features:
• Basis line: SMA (default) or EMA option for flexibility.
• 2σ Band (blue): Standard Bollinger Bands with 2 standard deviations.
• 3σ Band (purple): Extended Bollinger Bands with 3 standard deviations for identifying extreme price movements.
• Fill shading: Each band is shaded to provide clear visual distinction between normal and extended volatility ranges.

How to use:
• The 2σ band highlights typical volatility boundaries, where price often oscillates.
• The 3σ band captures rare, high-volatility events — price moving beyond this zone may indicate potential exhaustion or strong continuation.
• Combine both to assess whether a breakout is a standard deviation move or an exceptional volatility spike.

This tool is designed for traders who want a more nuanced view of market volatility beyond the conventional Bollinger setup.