Indicators: BB Stops - EMA Deviation
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BB Stops - EMA Deviation:
BB Stops (Bollinger Bands Stops) indicator is a well known indicator. Some versions are posted at the code base too (for example here: BB Stops).
Usually it is calculated using standard deviation. This version changes that and uses EMA deviation for calculation as a sort of further developing the idea. Some experimenting with the parameters is recommended before using in real trading.
Author: Mladen Rakic