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23 sep 2018 09:32

Interquartile Range Bands 

Euro Fx/U.S. DollarFXCM

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Interquartile Range Bands script.

This indicator was originally developed by Alex Orekhov at his home.

The idea based on the interquartile range https://en.wikipedia.org/wiki/Interquartile_range

If price breaks out from the bands then it is `outlier` price.

After breakouts price always returns to its median.

Watch squeeze/expansion periods.

Anyway use it as a supplement to the other indicators.

I will glad to get your feedback.

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