Scaled Exponential Moving Average width

2 במרץ 2021

What
The script calculates a normalized view of the width of multiple exponential moving averages.

How

• Find the maximum difference between any two exponential moving averages (from 10, 20, 50, 100, 150, 200)
  
• Divide that difference by the bar's closing price
  
• Multiply the result by a user-configurable scale