Add Feature: Fast and Slow Bands Algorithm

[summercms]

Enhancement idea

• Add Feature: Fast and Slow Bands Algorithm.
• Set default values from tests.
• Add option to select different types of moving averages.
• Connect the moving average algorithm.
• Re-design the menu options.
• Code slow multiplier equations.
• Add trend band colours.
• Update the doc's.
• Update candlestick colouring themes to include: Slow Band and Fast Band settings.
• Connect to Alerts Modules and add custom alerts, see here: Update Core Algorithm: Add Alerts Module #70
• Connect to warning signals module, see here: Update Core Algorithm: Add Warning Signals Module #267
• Connect to Trading Signals module, see here: Update Core Algorithm: Add Trading Signals Module #269
• Add to Themes, see here: Add Feature: Themes module to core algorithm #194
• Connect to the Moving Average and Custom Filter algorithm, see here: Add Core Feature: Moving Average and Custom Filter module #183

Description

The Fast and Slow Bands algorithm is momentum based to determine price trends and sideways consolidation periods.

This is a trend following algorithm that uses a fast band to capture near-term and short-term price swings and a slow band to capture pullback areas and reversal signals for short-term and medium-term price action.

The Fast and Slow Bands algorithm is connected to the "Moving Average and Custom Filter" algorithm, where traders can setup many different conditions to tailor better price action signals.

This algorithm is not intended to replace the Trend Analysis Model 1 and 2 algorithms. But instead to work side by side and extend the visual trend results by filling in the gaps left by Trend Analysis Models to better help traders determine the stages of the trend. For example, highlighting pullback areas, confirming reversals, failed low/high swing points, range support and resistances and many more useful features.

Links

https://www.investopedia.com/terms/m/movingaverage.asp