VolatilityBands Indicator (SVE)

A band type indicator brought to PTMC public, with constructive trading based on the boundaries scope. An original idea author is Sylvain Vervoor, which used it as part of his swing trading system. This tool plots band areas as well as its lines on chart, which grants possibility to distinguish buy and sell entry points. The trading algorithm may be interpreted as enter long once price approaches an upper band, and sell short if engaged into crossover with lower band.