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975
Rating:
votes: 6
Published:
2021.10.13 03:34
SO.mq5 (6.62 KB) view

History:

v 2

v 2.2

v 2.3  adds fixes, code improvement and Price-to-MA Distance


Information:

Trade Value depends on Price Positioning, the shape of which can be described also by MA Speed and Price-to-MA Distance.  This indicator provides:

  • Speed Data as a Histogram, scaled with the historical average.
  • Distance Data as a Line, in percentage points.


Use:

The two properties are provided together in a single indicator more so for ease of use, than their immediate compatibility. On the surface, the indicator makes it easy to distinguish price pressure on trending Moving average.







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