Description
UltimateBands is a technical indicator designed to evaluate price volatility. Its calculation is similar to that of BollingerBands®; however, it uses UltimateSmoothingFilter to calculate upper and lower bands.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The type of price used in the calculations. |
length
|
The length of the period used in the calculations. |
deviations
|
The number of deviations between the bands. |
Plots
| Plot | Description |
|---|---|
UpperBand
|
The Upper Band plot. |
LowerBand
|
The Lower Band plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.