Live example
Settings and defaults
| Setting | Default | Allowed range |
|---|---|---|
| Source | Close | Open, High, Low, Close, High-low average, Typical price, OHLC average |
| Lookback | 20 | 1 to 500 |
| Band multiplier | 2 | 0 to 100 |
| MAD scale | Raw MAD (×1) | Raw MAD (×1), Normal scale (×1.4826) |
What it plots
Drawn on the price chart, on the same scale as the candles.
| Line | Unit | Drawn as | First value |
|---|---|---|---|
| Lower band | Price | Line | after 20 candles |
| Median | Price | Line | after 20 candles |
| Upper band | Price | Line | after 20 candles |
Calculation notes
- Bands use the median of absolute distances from the median. Raw scale is 1; normal scale is exactly 1.4826. Zero deviation keeps the bands at the median.
Questions
What are the default settings of Median Absolute Deviation Bands?
The defaults are Source: Close, Lookback: 20, Band multiplier: 2, MAD scale: Raw MAD (×1). You can change every setting on the live chart.
Can I use Median Absolute Deviation Bands for free on TraderAI?
Yes. Every indicator in the library can be added to the free live chart. The free plan keeps up to 2 indicators active at the same time; Pro lets you combine more on one chart.
Educational content. Indicators describe past prices; they do not predict future prices and are not investment advice.