The Projection Oscillator was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another hidden gem that is of course a great complementary indicator to my previous Projection Bands . I would recommend to use both on the same chart so you get the full array of information. This indicator tells you where the current price falls between the bands...
The Moving Average Bands were created by Vitali Apirine (Stocks and Commodities July 2021 pg 16) and this is a very handy trend following indicator that will give you the overall trend of the underlying stock. As the bands rise then the stock is in an uptrend and as they fall then it is a downtrend. If the bands stay flat then it is a sideways and/or choppy...
![AAPL: Projection Oscillator [CC]](https://s3.tradingview.com/0/0jbAvmb0_mid.png "Projection Oscillator [CC]")
![AAPL: Moving Average Bands [CC]](https://s3.tradingview.com/e/EjeoPSbI_mid.png "Moving Average Bands [CC]")
