Bollinger Bands Cloud with Two Adjustable Deviations

Summary

This indicator presents a Bollinger Bands style envelope using two deviation settings and shades the region between the resulting band values. The cloud makes the gap between the two volatility-based envelopes visible on a chart.

Its adjustable inputs are the calculation period and the first and second deviation values. The document explains the indicator’s construction at a high level, but gives no trading rules, interpretation guidance, parameter recommendations, or performance evidence. It should therefore be understood as a chart visualization tool rather than a tested standalone signal.

Key ideas

• The indicator calculates Bollinger Band values using two deviation settings.
• A shaded cloud displays the area between the bands associated with those settings.
• The calculation period and both deviation values are adjustable.
• The description provides no entry rules or evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.