I'm looking for an MA indicator that adjust It's envelopes automatically each day.
The way I use envelopes is to predict how far the price could deviate from the mean, and to do so the most accurately possible, I would need to take the previous days as reference.
In order for this to be achieved. I would need to obtain the max percentage distance from the MA to the price, for each of X amount of previous days, and then make an average.
That average distance would be used to adjust the envelopes.
So far I've been doing this manually, but Is a very dull process, so any help I could get would be great.
Thanks!
Comment