Moving Above Bands
- Indicators
- Leonid Basis
- Version: 2.5
- Updated: 27 April 2020
- Activations: 5
The concept of bands, or two lines that surround price, is that you will see overbought and oversold conditions.
The proposed indicator has the ability to increase a smooth-effect in the bands Indicator. This indicator could play an important role in determining support and resistance.
nPeriod input parameter determines number of Bars for Moving Above Bands calculation.