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.
