mrtools wrote: Sun Mar 14, 2021 2:15 pm Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

ATR Bands vs Custom Deviation Bands

This is really good. Different results can be seen when changing the Bands from ATR to either Custom Standard Deviation.

Without getting too technical, how can we use ATR Bands Vs Custom Standard Deviation Bands?

• Use the ATR bands for predicting possible reversal areas and candlestick exhaustion
• Use the Custom Standard Deviation for entering breakouts and forecasting Volatility whenever the bands "PINCH"

ATR Bands
Custom Standard Deviation Bands
Thank you Mrtools and Ganesh for the idea