A Normalized Moving-Average Fan Oscillator with a Smoothed Average Line
Summary
FanMA2 represents a fan of moving averages as an oscillator in a separate chart window. Its values stay within a range of plus one to minus one, and the display includes a smoothed average line. The description outlines the indicator’s configurable construction rather than giving entry, exit, or position-sizing rules, so it does not establish a complete trading strategy.
Users can choose the initial moving-average period, calculation method, applied price, number of averages, and how periods increase across the fan. Period increments can use addition or multiplication, with a configurable increment coefficient. The smoothing period and smoothing method control the middle line. The document provides no examples, backtest results, interpretation thresholds, or evidence that particular settings work better; those choices and any use in a strategy would need separate evaluation.
Key ideas
- FanMA2 displays a moving-average fan as an oscillator in its own chart window.
- Oscillator readings are bounded between plus one and minus one.
- The fan’s size and period progression can be configured.
- A configurable smoothed average line accompanies the oscillator.
- The description provides no trading signals or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.