Aberration (ABBER)

// The MIT License (MIT)
// © mihakralj
//@version=6
indicator("Aberration (ABBER)", "ABBER", overlay=true)

//@function Calculates Aberration bands measuring deviation from a central moving average
//@param source Series to calculate aberration from
//@param ma_line Pre-calculated moving average line
//@param period Lookback period for deviation calculation
//@param multiplier Multiplier for deviation bands
//@returns [upper_band, lower_band, deviation] Aberration band values and deviation
//@optimized Uses simple deviation averaging with O(n) complexity
abber(series float source, series float ma_line, simple int period, simple float multiplier) =>
    if period <= 0 or multiplier <= 0.0
        runtime.error("Period and multiplier must be greater than 0")
    float deviation = math.abs(nz(source) - nz(ma_line))
    float avg_deviation = ta.sma(deviation, period)
    float upper_band = ma_line + multiplier * avg_deviation
    float lower_band = ma_line - multiplier * avg_deviation
    [upper_band, lower_band, avg_deviation]

// ---------- Main loop ----------

// Inputs
i_source = input.source(close, "Source")
i_period = input.int(20, "Period", minval=1)
i_ma_type = input.string("SMA", "Moving Average Type", options=["SMA", "EMA", "WMA", "RMA", "HMA"])
i_multiplier = input.float(2.0, "Deviation Multiplier", minval=0.1, step=0.1)
i_show_ma = input.bool(true, "Show Moving Average Line")

// Calculate the moving average based on selected type
ma_line = switch i_ma_type
    "SMA" => ta.sma(i_source, i_period)
    "EMA" => ta.ema(i_source, i_period)
    "WMA" => ta.wma(i_source, i_period)
    "RMA" => ta.rma(i_source, i_period)
    "HMA" => ta.wma(2 * ta.wma(i_source, i_period / 2) - ta.wma(i_source, i_period), math.round(math.sqrt(i_period)))
    => ta.sma(i_source, i_period)

// Calculation
[upper_band, lower_band, deviation] = abber(i_source, ma_line, i_period, i_multiplier)

// Plots
p_upper = plot(upper_band, "Upper Band", color=color.yellow, linewidth=2)
p_lower = plot(lower_band, "Lower Band", color=color.yellow, linewidth=2)
plot(i_show_ma ? ma_line : na, "MA", color=color.yellow, linewidth=2)
fill(p_upper, p_lower, color=color.new(color.blue, 90), title="Band Fill")