ITrade Rubber Band
This indicator measures the distance between two moving averages with different settings, and you can use 1 period moving average to measure the distance between price and another moving average.and it also measures a Bollinger Band based on the result value.
the settings are very simple:
MAperiod: is the look back of the moving average.
MAshift : is how much you wants this average be shifted forward or backward.
MAmethod: is the method of calculation of the moving average(SMA, SMMA, LWMA, EMA ...).
MAprice: is the price of calculation(high, low, close ...)
BBperiod: is the look back of the bollinger band.
Deviation: is the deviation from the bollinger band's moving average.
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