A New Modified Version of the Bollinger Bands in Python.
Creating an Alternative Volatility Bands System.
6 min readNov 6, 2020
What are the Bollinger Bands? When prices move, we can calculate a moving average (mean) around them so that we better understand their position regarding their mean. By doing this we can also calculate where do they stand statistically. But first we need to understand the concept of the normal distribution curve which is the essence of statistics and the foundation of statistical theory.
