Indicators: STD Trend Envelopes of Averages
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STD Trend Envelopes of Averages:
Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same.
This version is using Standard Deviation for the price change calculation instead and is adding prices smoothing prior to be used in calculations. The smoothing can be done using one of the 4 averages types:
Author: Mladen Rakic