The Kirshenbaum Bands was developed by Paul Kirshenbaum who is a mathematician with a Ph .D. in Economics from NYU (New York Univeristy).

Kirshenbaum Bands use the Standard Error of Linear Regression lines of the Closing price to determine the width of the bands and has the effect of measuring Volatility in the current trend, rather than measuring Volatility for changes in trend.

This indicator was kindly translated and coded for MT4 by Mladen some time ago and can be used as a trend trading channel.