Fan Moving Averages with Average line is a moving average fan in the form of an oscillator in a separate window with the average line.
Oscillator values oscillate with the +1/-1 range

It has eight adjustable parameters:

  • First MA period - first MA calculation period

  • MA method - calculation method

  • Applied price

  • MA count - number of MAs in the fan

  • Incremental method - method of incrementing MA period values:

  • Addition

  • Multiplication

  • Coefficient of increment - increment ratio

  • Smoothing period - middle line smoothing period

  • Smoothing method - middle line calculation method