MA Channel Band (L'mas System)

Category: trend

A trend-following histogram indicator that signals direction based on both price and a secondary Moving Average escaping a volatility or MA-based channel.

Formula

Trend = \begin{cases} +1 & \text{if } Close > UpperBand \text{ AND } MA > UpperBand \\ -1 & \text{if } Close < LowerBand \text{ AND } MA < LowerBand \\ Trend_{prev} & \text{otherwise} \end{cases}

Inputs

• Channel.MA.Periods (default: 100)
• MA.Periods (default: 26)
• MaxBarsBack (default: 10000)
• Signal.onTrendChange (default: false)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.