smartynton

OHLC Daily Resolution Bands

Shout out to nPE- for the idea.

Bands made with stdev from 10 day OHLC.
Keeps resolution to daily, so you can use bands as daily pivots for day trading.

Upper band 1=yesterday close + 0.5 std(ohlc,10)
Upper band 1=yesterday close + 1 std(ohlc,10)

Mid=yesterday close

Lower band 1=yesterday close - 0.5 std(ohlc,10)
Lower band 2=yesterday close - 1 std(ohlc,1
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

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