If you're diving into the world of trading, understanding how to interpret market volatility is key. One handy tool at your disposal is the Historical Volatility Bands, specifically designed using:
- An average line that serves as the middle reference.
- Upper and lower bands that are calculated using Parkinson's historical volatility—a more nuanced approach compared to the conventional Historical Volatility.
One unique aspect of the Historical Volatility Bands is the color scheme. While the bands have their own distinct colors, the middle line can shift between three different colors. If the bands are uniform in color, the middle line adopts that same hue; however, if there's a mix, you'll see it display a neutral shade.
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