KoliErBands: A Bollinger Variant Centered on the High-Low Average

Summary

KoliErBands is presented as a variation on Bollinger Bands. Its distinguishing feature is the center line: it uses the average of the period’s High and Low prices rather than the conventional basis described for Bollinger Bands. The selected period determines the averaging window.

The document provides a brief description and an indicator figure reference, but no formula for the outer bands, parameter guidance, trading rules, performance evidence, or comparison with standard Bollinger Bands. It therefore explains the central-line variation but is not enough to reproduce or evaluate the full indicator. Traders would need the original indicator implementation and independent testing to assess how the change affects signals.

Key ideas

• The indicator is described as a Bollinger Bands variation.
• Its center line averages High and Low prices over a selected period.
• The document gives no full band formula or trading rules.
• No performance evidence or comparative testing is provided.

Tags

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