Knowledgebase:
MovingAverageEnvelope
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 19 June 2016 10:18 AM

Syntax

Public Function MovingAverageEnvelope(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, period As Integer, Ma As ENUM_MA_METHOD, Shift As Double) As String

Moving Average Envelopes consist of moving averages calculated from the underling price, shifted up and down by a fixed percentage.

Moving Average Envelopes (or trading bands) can be imposed over an actual price or another indicator.

When prices raise above the upper band or fall below the lower band, a change in direction may occur when the price penetrates the band after a small reversal from the opposite direction.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
applyTo Applied price ,value of type  ENUM_APPLIED_PRICE.
Period The calculation period, on which the indicator will be calculated, value of type Integer.
Ma Moving average method , can be one of  ENUM_MA_METHOD.
Shift Horizontal shift of the indicator ,value of type Double.

Return value

Returns the handles of a technical indicator, in case of failure returns a empty string.

Sample

Public Sub main()

AlertMessage (MovingAverageEnvelope(0,PRICE_CLOSE,14,0,1.0)) 'Draws the indicator on chart & shows an Alert Message with 'the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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