Standard Error Bands

[pottsi]

Does anybody have the formula for this indicator by Jon Andersen for TD Ameritrades strategydesk?

Thanks!

[magictrader]

Yes, you can use the built-in Bollinger Bands study and just change the Standard Deviation.

To get something like this chart, add the Bollinger Band with Length 20 and Standard Deviation of 2.

Then add the Bollinger Band again, but change the standard deviation to 1. Then add it once more with a standard deviation of 3. That will get you the 1, 2, and 3 standard error bands. The basic Bollinger Band is simply a 2-standard deviation from the 20 period simple moving average.

Hope that helps!