i-BandsPrice

i-BandsPrice

The parameters are the same with the Bollinger Bands plus I added smoothing.

 

BandsPeriod – Period
BandsShift – Shift
BandsDeviations – Deviation from the main line
Slow – Smoothing

The interpretation is simple. The line of the indicator shows the position of the price in relation to the Bollinger Bands. The outing of the indicator line out of 0 or 1 means the outing out of the lower and the upper bands respectively.

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