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