PROTECTED SOURCE SCRIPT

Matrix bands by Jaehee

29
Matrix Bands — by Jaehee

A multi-layered Bollinger Bands visualization tool that expands beyond conventional ±2σ levels.
This indicator displays 1σ, 1.618σ, 2σ, 2.618σ, and 3σ deviations from an EMA-based centerline, making extreme price zones immediately visible.

Key Features
EMA-based centerline for smoother mean reversion reference

5 pairs of deviation bands: ±1σ, ±1.618σ, ±2σ, ±2.618σ, ±3σ

Glow overlays enhance visual separation of outer zones

Designed for volatility profiling, compression detection, and extremity analysis

How to Use
Use the band layers to gauge volatility expansion and compression.
Extreme bands (2.618σ, 3σ) can highlight potential exhaustion zones, while tighter bands assist in consolidation recognition.

Visual-only tool

No signals, alerts, or automation

Lightweight, non-intrusive design

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.