Sylvain Vervoort’s articles in the July issues on 2018,“The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands”
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In “The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands” in the July 2018 STOCKS & COMMODITIES, author Sylvain Vervoort introduced a new type of price band that he calls the SVEVolatilityBand. He created this new type of band to better highlight volatility changes when using non-time-related charts. According to the author, when using charts such as renko, traditional bands may fail to effectively highlight these changes.
Thanks for this one mate! I remember reading the article a few years back and I never actually tried out the code. Good looks!
blackcat1402
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@theheirophant, great to hear that you also read this one. I think it may be a good candidate for re-entry to replace bb in some strategies.
theheirophant
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@blackcat1402, with some modification the idea can be used as a wonderful bias filter also! I joined your discord also, if oyu ever want to chat :)
CinnabarDragoon
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Is there a way to make it so that the bands contract or give a unique color to highlight when volatility is bottoming out? Or maybe a way to switch between time and non time based setting