[A618] Historical Volatility Bands

Historical Volatility Bands

To be used over 5 mins for best results

HVB is a standard deviation measure for Historical Volatility Percentile,
It helps you figure out the next level of Support and Resistances

> If the HVB width is narrow, its an indication for a Trending market day
> Price crossing the highest green band line symbolises a nice upmove
> Price crossing the lowest red band line symbolises a nice downmove
> Green and Red lines are levels of Support and Resistances with respect to Historical Volatility


Credits
Historical Volatility Percentile calculation part : cheatcountry

Link to cheatcountry idea


Hope this Helps!