Jurik Volatility BandsVolatility is a core concept in trading and impacts our trading strategies. Therefore, all traders should have some sort of volatility indicator displayed to gauge the current volatility and future expected moves.
Jurik Volatility Bands displays the price inside a volatility channel. In this way, we can measure the current price action in accordance with its volatility.
Usage
The indicator is mainly used for scalping and intraday trading. Whenever the price touches either the upper or lower volatility band, we can consider it a volatility move. It can lead to a pullback or breakout move. However, we know that when the volatility is high, we expect more significant price moves and should prepare ourselves for it.
Disclaimer: No financial advice, only for educational/entertainment purposes.
Volatilityband
Ultimate Moving Average Bands [CC+RedK]The Ultimate Moving Average Bands were created by me and @RedKTrader and this converts our Ultimate Moving Average into volatility bands that use the same adaptive logic to create the bands. I have enabled everything to be fully adjustable so please let me know if you find a more useful setting than what I have here by default. I'm sure everyone is familiar with volatility bands but generally speaking if a price goes above the volatility bands then this is either a sign of an extremely strong uptrend or a potential reversal point and vice versa. I have included strong buy and sell signals in addition to normal ones so darker colors are strong signals and lighter colors are normal ones. Buy when the lines turn green and sell when they turn red.
Let me know if there are any other scripts you would like to see me publish!
Smoothed Volatility Bands [CC]The Smoothed Volatility Bands were created by Sylvain Vervoort (Stocks and Commodities Sep 2020 pg 19) and this is a heavily customized version of regular Bollinger Bands that take volatility into account. Feel free to change the moving average since Vervoort recommended trying that out. Buy when the indicator line turns green and sell when it turns red.
Let me know if there are any other indicators you want me to publish!
