McNicholl Moving Average

This type of moving average was originally developed by Dennis McNicholl ( Futures Magazine, (October, 1998): "Better Bollinger Bands"). A kind of TEMA . He used it as a centerline of the new bands, called Better Bollinger Bands or DEnvelope. The Better Bollinger Bands is a modification of the well-known Bollinger Bands that has a better response for changes in volatility .

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