The formula is based on volume and second/third derivations of price to create known, reliable zones where a trade may be executed. It is the same formula used in VFAP Bands, but with it as an detached indicator there are minor adjustments and it is much easier to visualize on lower time frames where the outer bands are not visible.
The main focus is reliability, with visibility being second. Best used with Money Box or horizontals.
It's bands...in a box!
The main focus is reliability, with visibility being second. Best used with Money Box or horizontals.
It's bands...in a box!
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)