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    Smoothed Moving Average Envelope (SMMAE)
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      Smoothed Moving Average Envelope (SMMAE)

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        Article summary

        Check our website to find more information about DXcharts library.

        The Smoothed Moving Average Envelope (SMMAE) indicator plots two Smoothed Moving Averages (SMMAs) as upper and lower lines (envelopes) over a price chart. The envelopes indicate overbought and oversold conditions and can be shifted up and down by fixed percentage value.

        SMMA1 = [Sumi-1 - SMMAi-1 + Closei] / n
        SMMA2 = [Sumi-1 - SMMAi-1 + Closei] / n

        where:
        Sumi-1 – the sum of the source prices over all periods
        Closei – the current closing price
        n – the number of total periods


        Smoothed Moving Average EnvelopeSmoothed Moving Average Envelope 


        INPUTS

        InputDescription
        LengthThe number of bars used to calculate SMMAs
        DisplaceThe number of bars the indicator to be shifted to
        PercentAboveThe vertical offset of the upper SMMA plot in percent
        PercentBelowThe vertical offset of the lower SMMA plot in percent
        PriceAbove
        The following data sources are available for the price:
        • Open. The Open Price of every bar for the specified period.
        • High. The High Price of every bar for the specified period. 
        • Low. The Low Price of every bar for the specified period.
        • Close. The Close Price of every bar for the specified period. 
        • Median. The Median Price of every bar for the specified period - (High + Low) / 2.
        • Typical. The sum of High, Low, and Close prices divided by 3 for the specified period- (High + Low + Close) / 3.
        • OHLC average. The arithmetical mean of High, Low, Open, and Close prices for the specified period - (Open + High + Low + Close) / 4.
        • Volume. The Close Price of every bar + average volume of an asset for the specified period.
        PriceBelow
        The following data sources are available for the price:
        • Open. The Open Price of every bar for the specified period.
        • High. The High Price of every bar for the specified period. 
        • Low. The Low Price of every bar for the specified period.
        • Close. The Close Price of every bar for the specified period. 
        • Median. The Median Price of every bar for the specified period - (High + Low) / 2.
        • Typical. The sum of High, Low, and Close prices divided by 3 for the specified period- (High + Low + Close) / 3.
        • OHLC average. The arithmetical mean of High, Low, Open, and Close prices for the specified period - (Open + High + Low + Close) / 4.
        • Volume. The Close Price of every bar + average volume of an asset for the specified period.

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        UpperBandThe upper SMMA plot
        LowerBandThe lower SMMA plot
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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