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This indicator paints bands around price. There are many indicators that do this, but I've never been very happy with them so decided to write my own.
In the screen shots below it is the top panel. It's quite customizable. You can adjust the period and smoothing, plus where to start/end the inner/outer region bands for coloring, and adjust opacity etc etc...
Some of this was inspired by work done by sefstrat so be sure and thank him.