The Volatility Band 2 indicator is similar to the standard Bollinger Bands, and is a modification of Volatility_Band with the following difference: instead of a separate 'Low band adjustment', this parameter affects both the lower and the upper bands of the indicator.

It has four input parameters:

• Period Band - period for calculating the bands
• Period - period for smoothing the bands
• Deviation factor - affects the range of the bands. The lower the value, the wider the range
• Band adjustment - adjustment of the indicator bands.