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Simple Moving Average w/Bands

Formula for: MetaStock

indicator

Views: 1232

Added: December 29, 2007

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Tags: MetaStock, indicator

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From: Edson L F
To: equismetastock[at]yahoogroups.com
Date: Friday, March 17, 2006, 5:17:09 PM
Subject: [EquisMetaStock Group] Envelope

Hi friends!

how to make a pointer to have the value of the envelope (+ and -) of a moving average?

Ex:

{================================}
a1:=envelope positive ( Mov(C,21) );
b1:=envelope negative ( Mov(C,21) );
a1; b1;
{================================}

Any advice would be appreciated.

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
From: Jose Silva
To: equismetastock[at]yahoogroups.com
Date: Friday, March 17, 2006, 9:49:21 PM
Subject: [EquisMetaStock Group] Re: Envelope

Edson, try this basic SMA bands indicator:

Code:

Simple Moving Average w/Bands

{ http://www.metastocktools.com }

{ User inputs }
spread:=Input("SMA bands spread %",0,100,10)/200;
pds:=Input("SMA periods",1,2600,21);

{ SMA }
x:=Mov(C,pds,S);

{ SMA bands }
upper:=x*(1+spread);
lower:=x*(1-spread);

{ Plot on price chart }
upper;x;lower

Author: Jose Silva
Source: http://www.metastocktools.com

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