Moving Average Envelopes
Syntax
Section titled “Syntax”MT_MaEnvelopes(Closes, [Period], [Offset], [MovingAverageType])Array formula.
Parameters
Section titled “Parameters”-
closesrange Range of closing prices. -
periodint Period (default:20). Must be greater than 1. -
offsetdouble The percentage offset for the envelopes. (default: 2.5) -
movingAverageTypeint The type of moving average. 0:ALMA 1:DEMA 2:EPMA 3:EMA 4:HMA 7:SMA 8:SMMA 9:TEMA 10:WMA (default: 7)
Return Values
Section titled “Return Values”-
Centerlinedouble -
UpperEnvelopedouble -
LowerEnvelopedouble