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Faytterro Bands

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what is Faytterro Bands?
it is a channel indicator like "Bollinger Bands".

what it does?
creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations.

how it does it?
it uses this formulas: imagen

how to use it?
its usage is the same as "bollinger band".
length represents the number of candles to be taken into account, source represents the source of those candles and stdev represents the coefficient of the standard deviation.

you can use it with other indicators:
imagen
Notas de prensa
Added dashed and transparent options.
Notas de prensa
added color options.
Notas de prensa
Fixed the labels on the price scale.
alarm added.
Notas de prensa
The issue that caused the indicator to disappear after a while has been resolved.
Notas de prensa
Fixed an issue where lines were drawn multiple times.

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