Inspired by everget's implementation of Kirshenbaum Bands. This indicator was originally developed by Paul Kirshenbaum, a mathematician with a Ph .D. in economics from New York University.
It uses the standard error of linear regression lines of the closing price to determine band width. This has the effect of measuring volatility around the current trend, rather than measuring volatility for changes in trend.
@jaggedsoft Please suggest how do I set alerts based on the color change of the band
BitcoinD00D
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Love your SharkCIA! Can I get the script from you ? I have been doing some Linear Regression models and would like to utilize this script with a few more indicators as a Trading Indicator/Strategy. Thanks for sharing.