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Auto-Dispersion Bands

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Introduction

A really old indicator as well, thus i have no much ideas of what is going on with it, but i know that those bands returns good reversals points. The indicator don't use standard deviation, instead its a simple differencing of the price and the price length bars back who will provide a dispersion measurement, thus the name auto-dispersion.

The Indicator

The smooth parameter allow the band to cross the price, if smooth is low the chance of crosses are lower.

imagen

smooth = 3


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