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Distance from Moving Average

5

This indicator measures the largest distance between a price (high or low) and a moving average. It also shows the average distance above and below the moving average.

It may come in handy for strategies that open reverse positions as price moves away from a moving average within a certain range, awaiting it to return so the position can be closed.

It just works on any symbol and timeframe.

Parameters:

  • Moving average period: Period for moving average calculation.
  • Moving average method: You can choose between "Simple", "Exponential", "Smoothed" and "Linear-weighted" moving average methods.
  • Average distance calculation period: This is the calculation period for the average distance. Options are "today", "today + yesterday", "today + past 2 days", "today + past 3 days", "today + past 4 days", "today + past 5 days" and "today + past 6 days".


Avis 1
Enrico Andreas Hessel
232
Enrico Andreas Hessel 2020.10.03 15:06 
 

I love that someone had made an indicator for an idea I just got for scalping. This one is very nice, I like the "real" average of the last XX bars.. especially for tick charts I generate with another EA from the market. Good work!! Works just well! Thx!

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Identifiez les ranges et les tendances fortes  |  Obtenez les premiers signaux   |    Obtenez des TP et des sorties   clairs   |    Repérer les niveaux Fibo que le prix va tester   |  Indicateur qui ne retrace pas, non retardé - idéal pour le trading manuel et automatisé - adapté à tous les actifs et à toutes les unités de temps - 50% discount   pour le lancement - puis retour à >>   149 $ Après votre achat,   contactez-moi sur ce canal  pour obtenir les réglages recommandés. Version MT4 :   cli
MetaBands M5
Vahidreza Heidar Gholami
4.67 (3)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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This is a trend indicator based on a strategy created by William Dunnigan that emit signals to buy or sell on any timeframe and can assist in decision making for trading on stock market or Forex. The signals are fired according to the following rules: Buy Signal = Fired at the first candlestick in which close price is higher than the higher price of the last candlestick. The higher and lower prices of the current candlestick must be higher than the corresponding ones of the last candlestick as w
This utility tool draws the ticker symbol and timeframe information as a watermark in the background of the chart. It may come in handy if you have multiple charts on the screen at the same time. Inputs: Font Name:  You can change text font by typing in the name of your favorite font installed on your operating system. (e.g.: Verdana, Palatino Linotype, Roboto, etc...)   Font Color: You can choose your favorite from the available colors or type in a custom RGB color (values from 0 to 255, e.g.:
This utility tool draws timeframes top/bottom horizontal named lines on the chart, which highlight important regions and can assist in decision making for trading. Inputs: Timeframes Top/Bottom Lines: H1 (1 hour), H4 (4 hours), D1 (Daily), W1 (Weekly), MN1 (Monthly): You can choose to enable or disable timeframes top/bottom named lines. Lines Color: You can choose your favorite from the available colors or type in a custom RGB color (values from 0 to 255, e.g.: 100, 128, 255). Lines Style: You c
This utility tool shows the intraday price variation as a percentage. It just works on any symbol and timeframe. Inputs: Font Size: You can change the font size of the price variation. Defaults to 15. Corner Location: You can choose between "Left upper chart corner", "Left lower chart corner", "Right upper chart corner", "Right lower chart corner" to show the information.
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Enrico Andreas Hessel
232
Enrico Andreas Hessel 2020.10.03 15:06 
 

I love that someone had made an indicator for an idea I just got for scalping. This one is very nice, I like the "real" average of the last XX bars.. especially for tick charts I generate with another EA from the market. Good work!! Works just well! Thx!

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Version 1.4 2020.10.08
Indicator performance improvement.
Version 1.3 2020.10.07
Changes:
- Full historical data of the distance from a moving average.
- Average distance calculation period in days (up to past 7 days).
Version 1.2 2020.01.02
Minor bug fixes.
Version 1.1 2020.01.02
Minor adjustments for performance improvement and calculation of average distance above and below the moving average.