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Displaced Moving Average Channel (DMA)

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What is This?

The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel.


What Information Can I Get Out of It?

This indicator can be used as a support or resistance as some moving averages are typically used as well as a tiny measure of recent volatility by looking at the spread between the top and bottom moving averages.


Where Did This Idea Come From?

I did not come up with the concept of this indicator since I was inspired to use this as a setup/trigger indicator in a potential trading strategy as seen in this whitepaper.
Versionshinweise
Changed the default period to the same period that Philip Erlanger uses
Versionshinweise
Changed chart (no updates to the code)

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