The Historical Vol MA Band Indicator calculates volatility bands around a simple moving average using 52-week high and low data from the weekly timeframe.
Historical Vol MA Band Indicator plots upper, middle, and lower bands on the main price chart along with optional trailing stop-loss levels and custom bar coloring based on band breakouts. A customizable dashboard table in the top right corner displays standard deviation metrics and price distance from the middle moving average line.
Volatility bands based on 52-week range calculations
Customizable Simple Moving Average period and multiplier
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Paint Bars
bool
true
paintBars
Show Dashboard
bool
true
showDashboard
Show Stop Loss Value
bool
true
showStop
SMA Period
int
100
maPeriod
Std Dev Multiplier
float
1.0
stdMultip
Decimal Size
int
2
decimalSize
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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