The indicator draws high and low zones based on Bollinger Bands calculated over x number of bars.
It has the next inputs:
- periods: Number of periods to make calculation of zones.
- Deviation1: Number of deviations to plot the first high and low lines.
- Deviation2: Number of deviations to plot the second high and low lines.
The indicator can be customized:
Note: The bigger the difference between Deviation1 and Deviation2, the bigger the width of zones.
Also the possibility to change price mode.