The Kirshenbaum Bands were authored by Paul Kirshenbaum. Their range is based on standard error as calculated from a hypothetical linear regression line. This range is added to and subtracted from an exponential moving average of the price to produce a top and a bottom band.
As a deviation from the original, you can chose one of the 4 types of average to sue instead of using just EMA. Averages that can be used are :
simple moving average
exponential moving average
smoothed moving average
linear weighted moving average
Usage :
It can be used in a similar way as Bollinger bands
Volatility bands - indicator MetaTrader 5 Theory : In “The V-Trade, Part 5: Technical Analysis—Moving Average Support & Resistance And Volatility Bands” in the July 2018…
