Bands
The Bands indicator in G-Suite is a powerful tool designed to help traders analyze extreme price levels with precision. Similar to Bollinger Bands, this indicator leverages standard deviation to define price extremities. It is plotted directly on the price chart, making it a valuable tool for traders seeking insights into potential price reversals and market volatility.
Settings
- Name
Source: Basis- Type
- input
- Description
The primary input source for the basis of the Bands indicator, typically a price value like 'close.'
Default value:close
- Name
Source: Upper band- Type
- input
- Description
The input source used to calculate the upper band, often the 'high' price.
Default value:high
- Name
Source: Lower band- Type
- input
- Description
The input source used to calculate the lower band, usually the 'low' price.
Default value:low
- Name
STD DEV: Length- Type
- integer
- Description
The length of the Std Dev
Default value:120
- Name
STD DEV: Upper/Lower band multiplier- Type
- float
- Description
A multiplier applied to the upper and lower bands.
Default value:1.681
- Name
STD DEV: Smoothing- Type
- integer
- Description
The smoothing factor applied to the Bands indicator's calculations.
Default value:2
- Name
Settings: Basis band (%)- Type
- integer
- Description
The percentage width of the basis band.
Default value:1