EMAEnvelope.LowerBand

Calculates the Lower Band of the EMA Envelope indicator.

Accepts the following parameters:

Parameter NameTypeDefault ValueNotes
applyToSeries<Number>
close
-
periodNumber14-
deviationNumber2-

Returns: Series<Number>

EMAEnvelope.LowerBand is a built-in function - you can use it directly. Below is an example implementation:

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function EMAEnvelope.LowerBand(applyTo = close, period = 14, deviation = 2):
(1 - deviation / 100) * EMA(applyTo, period)