- 1 hourly (basis, 3σ)
- 4 hourly (basis, 1, 2, 3σ)
- Daily (basis, 1, 2, 3σ)
- Weekly (basis, 1, 2, 3σ)
- Monthly (basis, 1, 2, 3σ)
- Yearly (basis, 1, 2, 3σ) *Disabled by default
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This indicator is a renewal of the following indicator.
Basic usage is the same as general Bollinger bands.
I assume this indicator is used as support and resistance and the chart resolution is shorter than 1 hour.
For example, if you are viewing a 15 minute chart and touch these lines, there is probably a reaction. On the other hand, if the reaction is weak, it may move in the same direction. Since each market is different, please look at past charts to understand the characteristics of the market.