Based on the request.
https://fxcodebase.com/code/viewtopic.php?f=17&t=75468
Shaded Moving Average
Description: This indicator plots a moving average line with shaded bands above and/or below, offset by a user-defined distance in pips. The shaded area visually resembles Bollinger Bands but is based on a static pip offset rather than standard deviations
Use Cases:
Trend Identification:
Quickly identify when the price is consistently above or below a moving average.
Support and Resistance:
Use shaded bands as visual cues for potential support and resistance levels.
Confluence Zones:
Combine shaded bands with other indicators for enhanced decision-making.
Shaded Moving Average.lua- (7.94 KiB) Downloaded 295 times
