Moving Average Gap Analyzer

7 thg 10, 2020

Extremely simple algorithm in order to calculate the gap between 2 simple moving averages. Analyzing perspective defines the line of color as white, green or red. This is done by checking sources of both moving averages and evaluate their past values with the mutual length respectively. Analysis is done by scoring the movements of sources.

What to expect?
- Higher the gap, higher the volatility.
- If the analysis line is green sources have been raising (most likely bull market), if the analysis line is white the market is mostly likely close to horizontal, if the analysis line is red, sources have been decreasing gradually (most likely bear market).

ps. Genuine indicator idea of me. This indicator is not a product or an idea of any group I work with. Completely clear of all types of IP.

8 thg 10, 2020

Phát hành các Ghi chú

- Option for selecting MA type added.

10 thg 11, 2024

Phát hành các Ghi chú

• Script updated from Pine Script v4 to Pine Script v5
  
• Dynamic moving average function moved to a library (Tools)
  
• Strict variable types implemented & applied