Recursive Bands - A New Indicator For Technical Analysis
Alex Pierrefeu
MPRA Paper from University Library of Munich, Germany
Abstract:
In this paper i present a new technical indicator that aim to display bands in the price chart. The bands are calculated recursively in order to make them computationally efficient. Then various calculations involving the bands will be described in order to provide alternatives of the proposed indicator.
Keywords: Trading; Technical Analysis; Technical Indicator; Envelopes; Bands; Rescaling (search for similar items in EconPapers)
JEL-codes: G1 G17 (search for similar items in EconPapers)
Date: 2019-08-27
New Economics Papers: this item is included in nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95806
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