In this study, the amount of change between current source and source of a specified lookback is calculated, then added to and subtracted from current source.
Next an is taken of the values for smoothing over the specified period.
Lastly, a midline is generated by taking the median of both bands.
Expanded the available moving average types. Now, instead of only an exponential moving average, the available moving averages now in this script are:
-Exponential Moving Average
-Simple Moving Average
-Smoothed Moving Average
-Weighted Moving Average
-Volume Weighted Moving Average
-Least Squares Moving Average
-Arnaud Legoux Moving Average
-Hull Moving Average
-Coefficient of Variation Weighted Moving Average
-Fractal Adaptive Moving Average
-Kaufman's Adaptive Moving Average
Added a set of half range bands for a more in depth picture of volatility.
Added a custom color scheme to the midline and bars, which highlights coherent and divergent waves.