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