can you describe formulation of this? i was wondering if its a volume or time weighted average price/ moving average With the deviations. i tried comparing it to the mt4 envelopes and the difference was very distinct. great indicator. Also, i would like to ask if you adjust the standard deviation settings depending on the currency pair to capture about 97-98% of the price action w/in the bands. thanks
It is question for Ziemo.
He gave this indy out.
I have no idea how it works.
I use it always and still can not belive that it is so good.
That is the only problem for me.
Just incredible. No indicator that I know comes close to this one.
With some trending indicator it may do magic in trending market.
In sideways it stands all alone and majestic.
I agree with you.
This is very very very very very indicator that amazes me every day of trading.
yeah it looks like the envelope of a TWAP Time Weighted Average Price (the MA's that banks use). it is awesomer than the bollinger band. i can say that much. hello ziemo id just like to know what composes this indicator how i it formulated and stuff. thanks.
nopi:
not sure actually about the indicator used, but from the code its not a triangular moving average, rather something weighted as you say.
I have found this regarding the TWAP: http://www.tradestation.com/educatio...-average-price
cheers,
kor4x