OPEN-SOURCE SCRIPT

[blackcat] L1 Vitali Apirine MABW

1410
Level 1

Background

Vitali Apirine’s articles in the July & August issues on 2021, “Moving Average Band Width”

Function

In “Moving Average Bands” (part 1, July 2021 issue) and “Moving Average Band Width” (part 2, August 2021 issue), author Vitali Apirine explains how moving average bands (MAB) can be used as a trend-following indicator by displaying the movement of a shorter-term moving average in relation to the movement of a longer-term moving average. The distance between the bands will widen as volatility increases and will narrow as volatility decreases. In part 2, the moving average band width (MABW) measures the percentage difference between the bands. Changes in this difference may indicate a forthcoming move or change in the trend.


Remarks

This is a Level 1 free and open source indicator.

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