This little script simply gives you a quick visual cue of where price is compared to a particular EMA of another security or underlying index.
It is based on Nick Radge's broader market filter weekend trend trader system, but can be applied to other timeframes if you want to confirm if the index is in an up trend or down trend.
• Green means the underlying index price is above the EMA • Red means the underlying index price is below the EMA
how can I change to weekly the default is ASX_DLY:XAO ?
thanks
Numlocka
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@jersey_jon, You're correct, the time from in this example is the daily - just change your timeframe to weekly - it uses that same time frame as your chart