Bollinger Bands Using High and Low Prices

Summary

This indicator is a variation on Bollinger Bands that uses bar highs and lows, rather than closing prices, when calculating standard deviation. The change alters the price input to the band calculation while retaining the indicator’s general volatility-band concept.

The document gives no formula, parameter details, comparative analysis, or performance evidence, so it does not establish how the high-low version behaves relative to conventional Bollinger Bands or how it should be traded. It notes that the implementation depends on a separate smoothing library and identifies the indicator’s author and earlier publication history. Treat it as a description of an indicator variant, not a tested trading strategy.

Key ideas

• The indicator calculates standard deviation from high and low prices instead of closing prices.
• It is presented as a variation on Bollinger Bands.
• The document provides no trading rules or evidence of performance.
• Its implementation depends on an external smoothing library.

Tags

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