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Double Bollinger Bands (EMA/WMA Channels + SMA20)

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This indicator plots two Bollinger Band-style channels using different moving averages to provide a clearer view of price structure and volatility.

The first channel is based on an EMA (Exponential Moving Average) and represents the primary, more responsive trend.
The second channel uses a WMA (Weighted Moving Average), offering a slightly smoother perspective on price movement.

Both channels are calculated using the standard deviation of price, creating dynamic upper and lower bands that expand during high volatility and contract during consolidation.
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Updated chart.

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