Moving Average Bands (Free)

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This indicator creates a dynamic moving-average channel using the High, Low, and (optionally) Close prices. The user can choose from SMA, EMA, RMA, WMA, or HMA smoothing.
Benefits

✔ Adaptive trend channel based on smoothed highs and lows
✔ Dynamic support/resistance zones
✔ Volatility expansion/contraction visualised without ATR or Bollinger formulas
✔ Breakout detection when price leaves the band
✔ User-selectable MA type for full customisation
✔ Clean, minimal visuals that work on any chart style

Use it to:

• identify trend direction
  
• spot breakouts
  
• time pullbacks
  
• gauge volatility
  
• frame price action more clearly
  

This is a free educational indicator

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發行說明

Added VWMA as an MA option

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發行說明

Minor update to config field name