ss90232003
New Member
The Mogalef wave band was developed by Eric Lefort and consists of three lines: the center (the theoretical midline of the trading corridor, that is, the weighted average price level), the bottom edge (the same but the lowest price), and the top edge (built from the maximum). Therefore, a trading corridor is formed.
The author believes that in most cases, prices tend to return to the corridor after leaving. Then it goes to the centerline.
Unlike the author’s calculation, the upper and lower sides of the corridor are calculated using standard deviations.
The indicator has three input parameters:
Linear regression period-the linear regression period used to calculate the centerline of the channel
Standard deviation period-Calculate the standard deviation period of extreme channel lines
Multiplier-the multiplier used to calculate the channel width
The author believes that in most cases, prices tend to return to the corridor after leaving. Then it goes to the centerline.
Unlike the author’s calculation, the upper and lower sides of the corridor are calculated using standard deviations.
The indicator has three input parameters:
Linear regression period-the linear regression period used to calculate the centerline of the channel
Standard deviation period-Calculate the standard deviation period of extreme channel lines
Multiplier-the multiplier used to calculate the channel width
