This is an indicator that shows you the performance of an asset over a specific time.
The term “rolling returns” refers to a rolling window of performance. So if a stock has a 10-day rolling return of 5%, that means compared to 10 trading days ago, it’s up 5%.
Rolling returns is an oscillator based off of pure price performance.
The bands included in the study are related to standard deviations of these returns. You can look back over a 60 day period and see how “stretched” the stock can get to the upside or downside. The inside bands are 1 standard deviation, and the outside bands are 2 standard deviations.
Keep in mind that a stock can stay overbought or oversold longer than you think– and stocks can work off extreme signals by simply moving less in the same direction.
Download it here. Right-click and select “Save As.”