Average Variation Bands.
//@version=2 study(title='[RS]Average Variation Bands V0', shorttitle='AVB', overlay=true) src = input(close) length = input(100) dev1 = input(1, type=float) dev2 = input(2, type=float) dev3 = input(3, type=float) ma = ema(src, length) high_range = ema(max(ma, high) - ma, length) low_range = ema(ma - min(ma, low), length) plot(series=ma, title='', color=color(black, 0), linewidth=2) plot(series=ma + high_range * dev1, title='', color=color(black, 0)) plot(series=ma + high_range * dev2, title='', color=color(black, 0)) plot(series=ma + high_range * dev3, title='', color=color(black, 0)) plot(series=ma - low_range * dev1, title='', color=color(black, 0)) plot(series=ma - low_range * dev2, title='', color=color(black, 0)) plot(series=ma - low_range * dev3, title='', color=color(black, 0))