Jon's ALMA Range Bands (J_ARB)
Or 'Just Another Range Bands' Indi if you wish.
The bands are an offset of ALMA. There are 3 calculation methods to choose for the offset, in addition to user defined multipliers.
- Standard ATR: Self explanatory. The "ATR Smoothing" does nothing with this setting.
- Smoothed ATR: The "ATR Smoothing" smooths out volatility of the bands. It isn't really noticeable under most circumstances. With highly volatile prices the difference between bands is smoother over time.
- Smoothed Median ATR: This setting smooths out volatility further. If you set a high "ATR Period" (500) and a low "ATR Smoothing" (3) it can show when highly volatile PA has ended.