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OrcChieftain
May 27, 2021 6:35 PM

Table: EMA Surveillance 

Euro Fx/U.S. DollarFXCM

Description

This script will show information of interest about Moving Averages from the selected timeframe.

The idea is to provide data from higher timeframes (Daily preferably).

The information provided includes:
• selected length and calculation
• a relative position of the close to the average (above, below, and how much)
• how many periods passed since the moving average has been tested - any break counts as a test, it doesn't have to close on the opposite side



Global Settings:
• Timeframe of the moving averages
• Choose to see simple words such as "Above" / "Below" OR the specific percentage OR how much percentage % it moved from the moving average?
• EMA or SMA

Moving Average Settings:
• Up to 6 different lengths
• You can deactivate the averages you don't need

I hope it will be useful. Good luck!
Comments
LucasAzStock
Hello! Can you tell me when the neutral color is used? Thanks!
OrcChieftain
@LucasAzStock, If the closing price crossed the moving average in the last 5 candles.
LucasAzStock
@greenmask9, thanks! Its very usefull for me.
OrcChieftain
@LucasAzStock, Glad to hear that!
bhavasarhemang
Not able to understand.. How to use..
OrcChieftain
@bhavasarhemang, Lots of traders use averages to determine a trend. Daily MAs are most suitable for the task.
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