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Optimized Reversion Bands based on VWMA. Will signal long/short when bid/ask breaches first level of bands. These are excellent in Ranging markets, but can be dangerous at the onset of a strong trend. Bands filter VWMA values through a STDDEV() indicator to dampen out extremes.
Requires Pshai’s VWMA v2 Indicator:
https://www.haasscripts.com/t/pshaicmd-vwma-v2-optimized/
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