Volatility Glow Bands [SuperCharting]

A Pine Script indicator by jayadev.

Volatility bands around a double-smoothed EMA basis, scaled by ATR, with two soft glow layers on each side. The basis changes colour with where price sits inside the bands. Diamonds mark closes that break out of the upper or lower band.

Settings: basis length, band width in ATR, colours. Alerts on upper and lower breakouts.

Test it free on supercharting.com