Moving Average Envelope
Posted by Mohammad Rahhal, Last modified by Moath Shareef on 18 August 2020 02:20 PM

Overview:
Moving Average Envelopes consist of moving averages calculated from the underling price, shifted up and down by a fixed percentage.

Interpretation:
Moving Average Envelopes (or trading bands) can be imposed over an actual price or another indicator.
When prices raise above the upper band or fall below the lower band, a change in direction may occur when the price penetrates the band after a small reversal from the opposite direction.

Parameters:
str Source
int Periods
int Moving Average Type
dbl Shift

Shift is a double value specifying the percentage of shift for each moving average from the actual values.


See Also


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