OPEN-SOURCE SCRIPT

OHLC Daily Resolution Bands

Shout out to nPE- for the idea.

Bands made with stdev from 10 day OHLC.
Keeps resolution to daily, so you can use bands as daily pivots for day trading.

Upper band 1=yesterday close + 0.5 std(ohlc,10)
Upper band 1=yesterday close + 1 std(ohlc,10)

Mid=yesterday close

Lower band 1=yesterday close - 0.5 std(ohlc,10)
Lower band 2=yesterday close - 1 std(ohlc,1
bandsBollinger Bands (BB)Keltner Channels (KC)ohlcParallel ChannelPivot PointsstdStandard Deviation (Volatility)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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