Trendstone Volatility Adjusted Bands v1.0
The idea of the indicator is to show overbought and oversold situations. Whenever something moves outside of the middle channel to any of the R bands, the prices tend to stage violent counter-moves. Can be used for long term flags using 2h to 4h values or short-term swings with 5m to 45m.
Versionshinweise:
Updated the formula to use zero-lag moving average and to use crystalized values instead of current changing ones for calculation.