Description: MAD stands for Moving Average Delta, it calculates the difference between moving average and price. The curve shows the difference in Pips. By calculating the delta between two points we can see more small changes in the direction of the moving average curve which are normally hard to see. You can see the MAD curve as look through the microscope at a...
This indicator is similar to Bollinger Bands. It based on DAPD - Daily Average Price Delta. DAPD is based upon a summation for each of the highs (hod) for the 21 days prior to today minus the summation for each of the lows (lod) for the last 21 days prior to today. The result of this calculation would then be divided by 21.