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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
Note di rilascio
Added VWMA as an MA option
Note di rilascio
Minor update to config field name

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