ITrade Rubber Band

This indicator measures the distance between two moving averages with different settings, and you can use 1 period moving average to measure the distance between price and another moving average.and it also measures a Bollinger Band based on the result value.

the settings are very simple:

MAperiod: is the look back of the moving average. 

MAshift   : is how much you wants this average be shifted forward or backward.

MAmethod: is the method of calculation of the moving average(SMA, SMMA, LWMA, EMA ...).

MAprice: is the price of calculation(high, low, close ...)

BBperiod: is the look back of the bollinger band.

Deviation: is the deviation from the bollinger band's moving average.