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Re: volatility bands on oscillators



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Walter - Here is the ELA for the indicator: RSI & Vol Bands: 
Input: Coefdwn[2.1],Coefup[2.3];
Plot1[[Average[[RSI[Close,14]],6]]+[Coefup*[Average[TrueRangeCustom[[RSI[Close
,14]],[RSI[Close,14]],[RSI[Close14]]],15]]],"Plot1"];
Plot2[[Average[[RSI[Close,14]],6]]-[Coefdwn*[Average[TrueRangeCustom[[RSI[Clos
e,14]],[RSI[Close,14]],[RSI[Close,14]]],15]]],"Plot2"];
Plot3[[RSI[Close,14]],"Plot3"];
If CheckAlert Then Begin
  If Plot1 Crosses Above Plot2 or Plot1 Crosses Below Plot2
or Plot1 Crosses Above Plot3 or Plot1 Crosses Below Plot3
or Plot2 Crosses Above Plot3 or Plot2 Crosses Below Plot3
  Then Alert = True;
End;

I hope I transposed this correctly - Lenny