WhichMA

New comment
 

If you like MA crosses, then this indicator might be something for you: it's an indicator that tells which MA cross happens at a bar.

More precisely, given a fast base MA, which are the fastest slower MA's that differ at least N pips up and down from it?

Parameters:

base (default = 2) - The fast MA period.

slowest (default = 300) - The slowest of slow MA periods to consider

pips (default = 10) - The required cross size

exact (default = false) - Present crossing or trend

The exact presentation plots the values of the fastest slow MAs offset by the pips difference. The trend plot is a first interpretation, which plots the slowest MAs as way of indicating apparent trend.

Enjoy

Files:
whichma.mq4  7 kb
 

What are you doing playing with MA's Ralph? Did you cross back to the darkside? Ill have to check this one out just because if you did it, there must be something to it.

If your bored, shoot me a mail. Got a statement for a price action only EA that you might like.

 

Hi Chris. Yes, you never know ;-)

Though this indicator tells more about were the crossing aren't than where they are; that's where the trend is, isn't it?

If nothing else, you can make hindsight predictions with it.

 

Ok Chris,

now I've extended the indicator with a second level interpretation, which plots blue and red arrows here and there, to mark out which direction the price appears to move. A setting like (1,200,10,30,true) looks convincing on some 30M charts. Might need common-sense over-ruling at times, though.

Btw; if anyone is toying with this monster, some feedback won't hurt.

New comment