DREAMERS BAND

DREAMERS Bands are a type of price envelope developed by DREAMERS .CO  (Price envelopes define upper and lower price range levels.) DREAMERS Bands are envelopes plotted at a Bands  deviation level above and below a simple moving average of the price. Because the distance of the bands is based on Bands deviation, they adjust to volatility swings in the underlying price.

Dreamers Bands use 3 parameters, Period and Bands Deviations and Price The default values are 6 for Price , and 2 for Bands deviations, although you may customize the combinations.

Dreamers bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Further, the pair of bands is not intended to be used on its own. Use the pair to confirm signals given with other indicators.

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