Counts crosses off MAs, it shows % that all MAs are above slower MAs
If MA crosses above another, the indicator rises
If MA crosses under another, the indicator falls
If the indicator rises to 100%, every MA is above MAs with higher period
If the indicator falls to 0%, every MA is under MAs with higher period
You set the maximal MA and the step between the MAs
MAmax = 50 the maximal MA
Step = 5 the step of periods berween MAs
MAavg = 20 period to calculate moving average from MAcrosses
MAmethod = 1
MA moving average method:
ApliedPrice = 0
- 0 Simple moving average,
- 1 Exponential moving average,
- 2 Smoothed moving average,
- 3 Linear weighted moving average
Price from which calculate MAs:
- 0 Close price.
- 1 Open price.
- 2 High price.
- 3 Low price.
- 4 Median price, (high+low)/2.
- 5 Typical price, (high+low+close)/3.
- 6 Weighted close price, (high+low+close+close)/4.
Can by used as a trend indicator with high values
Can by used as an oscillator indicator with low values
I made up this indicator and did not test it for a long time, be creative.
If you come up with an concept that could work, or some ideas with this indicator I would appreciate if you share it here with others.
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