Abbreviation: ExpAvg Envelope Low
Category: Advanced Exponential Moving Average
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| ExpAvg Periods | Int >= 1 | 5 |
| Envelope Fraction | Real > 0.0 | 0.25 |
Calculation:
ExpAvg(X, n) * (1 – Envelope Fraction)
where
X = Time Series
n = ExpAvg Periods
ExpAvg represents Exponential Moving Average
Discussion:
Provides a band a certain fraction below the moving average of a time series.