Almost the same indicator as Distance From 200ma, but values indicate the distance in a percentage of the 200ma value
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean
Sometimes you want to have multiple moving averages in the graph to evaluate your operation.
Here is my alternative for this need and I´m glad to share with you.
This script also has some pivot indicators and can be a good start point to you extend its features.
This strategy has been published for a Pyramiding tutorial on the Backtest Rookies website.
For a full overview of the code and an introduction to Pyramiding check out our site.
Summary
The code example will create a simple script that allows us to average down whenever our portfolio is down x%. The idea will be to bring our average cost down so that we can...
This is a simple yet very flexible moving average script. There are more than few moving average scripts out there but non of them are as flexible as this one.
This script lets you have seven different moving averages. Each moving average can be set separately, each can :
1- switch the moving average between EMA and SMA
2- set the flat percentage, this setting...
Though this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the...
![XBT: 6x MA [Daniel]](https://s3.tradingview.com/z/zLzkPuNj_mid.png "6x MA [Daniel]")
