OPEN-SOURCE SCRIPT

PALUMA_IQ_Dual Bands_v1.0

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🔍 Script Description:

PALUMA_IQ Bands v1.0 is a dual-band system based on Exponential Moving Averages (EMA) and Standard Deviation. It is designed to detect price extremes and generate accurate BUY and SELL signals whenever the price breaks through the outer bands.

This script combines two customizable band sets (e.g., 13 and 60 periods), allowing you to analyze both short-term and long-term market behavior simultaneously. Each set plots upper and lower volatility bands, and clear signals are displayed on the chart when the price closes outside those ranges.

💡 Key Features:

Dual volatility bands for layered market analysis

Instant BUY/SELL signals on band breakouts

Visual smoothing for cleaner trend recognition

Fully adjustable settings for personalized strategies

Great for reversal trading, mean reversion, and trend shifts

📌 Use Case:
Optimized for scalping, swing trading, or intraday strategies across all markets — crypto, forex, stocks, indices, and more.

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