Dislikedred can u explain more about standard deviation? is price at a standard deviation when away from the bbs upper and lower bands? from what im getting is that SD is deviation from regular means of price movement = volatiltiy. is that correct? and how would you interpret standard deviation?Ignored
the premise is the moving average is the AVERAGE price over a period of time, or fair market value
the bands are just volatility ranges, margin of error, normal price variance.
so in effect the average price encompassed by the bands is the range you can expect and still maintain direction, in other words it ca fluctuate from top to bottom and does not necessarily mean its a change.
being this the case top is high price and bottom is low price within normal price variance.
AVT INVENIAM VIAM AVT FACIAM