Offset Deviation Bands [DW] — Indicator by DonovanWall

volatility trendanalysis movingaverage experimental

This is an experimental variation of Bollinger Bands in which standard deviations are taken of price, multiplied by the Golden Mean and Fibonacci numbers, smoothed using a simple moving average, then offset by half of the specified period.

For my full list of premium tools, check the blog:
wallanalytics.com/

Reach out on Telegram:
t.me/DonovanWall

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.

Disclaimer

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