The indicator Moving Average Channels was created for experimental purposes due to the parabolic moves BTC has made in the recent past.
How it works: The basis, or center line, is a standard moving average that is set by the user. The bands are then a customizable percentage of the basis. Which based on the settings, could serve as possible support and resistance.
DepthHouse – Moving Average Channels has been published for you all to see and try for yourselves. Maybe this indicator has uses elsewhere? If you find something feel free to post it in the comments below!
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