A continuation of moving average bands indicator serries
According to author of the original (published in TASC August 2021 issue) :
Added red color when the bands width is reaching its extreme minimum(s)
PS: this is not a directional indicator, It should be used for indicator of volatility not a direction of trade
According to author of the original (published in TASC August 2021 issue) :
Vitali Apirine:
The distance between the bands will widen as volatility increases and will narrow as volatility decreases. The moving average band width (MABW) measures the percentage difference between the bands. Changes in this difference may indicate a forthcoming move or change in the trend.
Even though these two are published in the codebase already, posting them here too (just in case 
)
PS: some experimenting with the parameters is advised (as usual)
)In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in which he uses a sort of Kendall (auto)correlation to filter out signals
The only deviation in this version is that we can use desired prices (instead of using fixed close price)
Also attached here is the "MyRsi" as a separate indicator too (seemed as a logical step to do)
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 3,792 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
Seen some dispute what is "better" : moving averages or digital filters
To help in the dispute : fir filter indicator (ie: digital filters) with some well known like : 
To help in the dispute : fir filter indicator (ie: digital filters) with some well known like :
- Hanning
- Hamming
- Blackman
- Blackman / Harris
And (simply in order to demonstrate that almost anything can be - and is - a digital filter) :
- rectangular - simple moving average
- linear weighted moving average
- triangular moving average
