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