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Moving Average States Indicator

by Caleb, 2980 days ago
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Based on the position of the security close price compared to its moving average (MA), this technical analysis indicator returns a value comprised between one and three.
A value of one indicates that the current close price is trading 5% lower than its simple moving average.
A value of three indicates that the current close price is trading 5% higher than its moving average.
A value of two indicates that the current close price is trading in between.

The 5% number can be changed by specifying a different value in the second argument of the moving average states indicator. The first argument (Period) is used to calculate the moving average.

For example, by using 10 as a threshold parameter to this function, you will instruct it to return 1 if price is 10% lower than the moving average, 3 if the price is 10 higher than the moving average and 2 if the price is in between.
a = MAState(300, 10);
plo(a, "");


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Type: Trading Indicator

Object ID: 1014


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