The Reverse Engineering study is a trend following indicator based on analysis of (Moving Average Convergence/Divergence) changes. This indicator consists of three main plots: PMACDeq, PMACDlevel, and PMACDsignal.
PMACDeq plot represents price of the current bar at which its value would be equal to the previous one. PMACDlevel plot represents price of the current bar at which its value would be equal to the specified one. PMACDsignal plot represents the price of the current bar at which its value would be equal to its average.
These three plots are accompanied with an auxiliary plot showing averaged values of PMACDeq. Note that the type of average is the same as the specified for calculation.
price The price for which is calculated.
fast length The number of bars used to calculate the fast moving average.
slow length The number of bars used to calculate the slow moving average.
length The number of bars used to calculate the moving average of .
level value used in PMACDlevel calculation.
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