GoldenBrett90 wrote: Wed Nov 15, 2023 7:15 am Just a simple question...
Has anyone ever made a moving-average indicator that shows multiple MA deviations from the HIGH/LOW of a moving-average?
Dumb question? Smart question? I don't know...
Does it make sense?
The concept is like having many MA lines above and below the original MA that are the same distance away from each other as an MA that's set to high or low from the main MA...
It's like an "MA Rainbow", except instead of using different periods, use "MA set to high, high2, high3, etc", or "MA set to low, low2, low3, etc".
In my years of indicator collecting, I don't think I've ever seen such a concept, only Bollinger Band type of indicators, channel indicators, MA Rainbows, etc...
There are surely more around just quickly did this version.