Vwap + standard deviation bands. Good for reversal trading among other things. Used intraday. Very useful when price is ranging.
I added: - Option to fill the spaces between the deviation lines with color. - Option to add some extra bands. Color/length/style etc is customizable.
Made a quick update to prev version: - Added bar/candle coloring - You can change the colors to whatever you want. - Or turn them off completely. Ex: If the candle is above vwap and below standard deviation 1 its white If the candle is below vwap and above standard deviation 1 its black If the candle is below std 2and above std3 its green
And so on...
original script by /u/SandroTurriate/ - I just made the changes above.