Strategy.
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 15/07/2014 // Strategy // This indicator plots 2/20 exponential moving average. For the Mov // Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met. // You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... //////////////////////////////////////////////////////////// study(title="Strategy 2/20 Exponential Moving Average", overlay = true) Length = input(20, minval=1) xPrice = close xXA = ema(xPrice, Length) nHH = max(high, high[1]) nLL = min(low, low[1]) nXS = iff((nLL > xXA)or(nHH < xXA), nLL, nHH) pos = iff(close > xXA and close > nXS , 1, iff(close < xXA and close < nXS, -1, nz(pos[1], 0))) barcolor(pos == -1 ? red: pos == 1 ? green : blue) plot(nXS, color=blue, title="XAverage")