Distance From-22-Moving Averages over CMOODYwilliamsVIXFIX

2020년 11월 24일

This script is a mean reversion script where each of the moving averages represent the price and Chris Moody's Williams Vix Fix ZERO line represents the moving averages. There are 4 moving average types included: EMA , SMA , WMA , HMA .

You can set up to your liking by having all of the averages as any or all of the 4 options.

This script is a great way to spot bearish/bullish divergences in price action.

This script is also excellent at indicating periods of price action when volatility is extremely low - all the plots get very tight instead of spread out.

I have copy/pasted a public script by Chris Moody which is the Williams Vix Fix. This indicator shows a white circle as a "top" or "bottom" based on the current price distance off the mean (in simple terms).

Thank you Chris Moody!