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I used this indicator at one time and was using it as a form of harmonic rotation indicator. I was mainly looking to the size of the inner and outer lines of the channel. I edited the script to display these values with the bands transparent.
You can also use it to attach a limit order to the upper ot lower band when price enters into a period of range.
Thanks for this indicator, I have quite enjoyed using it and it was wonderful of you to share it with us.
I wonder if there is anything you can do to keep the indicator from switching its Z order layering. For instance let's say there are 11 levels of Z layers on the chart and I want to put the TMA Bands last behind everything else at 11. I have to do that constantly as any other changes or slight refreshes of the chart suddenly throw it back up to like layer 4 , 5, or 6 or something like that. If it is a simple fix, then it would be much appreciated, but if it is too complex or time consuming, I will just use it as it is and be happy I have it.