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Exponential Deviation Bands [ChuckBanger]

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This is Exponential Deviation Bands. It is a price band indicator based on exponential deviation rather than the more traditional standard deviation, as you find in the well-known Bollinger Bands calculation. As compared to standard deviation bands, exponential deviation bands apply more weight to recent data and generate fewer breakouts. There fore it is a much better tool to identifying trends.

One strategy on the daily can be

  • Buy next bar if closing price crosses below the lower bands
  • Sell if price is equal to the current value of the upper bands


Notes de version
Fixed a typing error so the multiple can be a float. And not only an integer
Notes de version
Just updating the screenshot

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