Price movement indicator

4 בדצמ׳ 2020

This indicator shows us if the price is moving up or down based on the ratio of current price vs previous bar.
If this ratio is above 1 then this indicates that the price is increasing, while if the ratio is below 1 the price is decreasing.


HOW TO USE:
Set the desired EMA length, number of previous bars to compare with and offset.

Markets:
It can be used to all markets.

6 בדצמ׳ 2020

הערות שחרור

• [* Potential LONG and SHORt entries (green and red circles)]
  [* Signal line (blue)]
  

6 בדצמ׳ 2020

הערות שחרור

- Potential SHORT and LONG entries
SHORT = red circle
LONG = green circle
- Signal line (blue)

6 בדצמ׳ 2020

הערות שחרור

Removed unnecessary plots and variables.

8 בדצמ׳ 2020

הערות שחרור

HMA added to bring more smoothness

8 בדצמ׳ 2020

הערות שחרור

HMA Offset added

9 בדצמ׳ 2020

הערות שחרור

Entry points are clear now.
Green - LONG
Red - SHORT

19 בדצמ׳ 2020

הערות שחרור

Added SMA length for pricecomparison n-bars back
EMA set to 100
Offset set to 25

24 בדצמ׳ 2020

הערות שחרור

Minor bug fixed

24 בדצמ׳ 2020

הערות שחרור

Chart error fixed