This indicator helps avoid chasing extended stocks by showing every time a stock is too far extended from a selected moving average.
Features: ✔️ selectable moving average and source (high, low, close) ✔️ choose to plot or hide the moving average ✔️ selectable distance to be considered too extended
Informacje o Wersji
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Fixed a typo in code affecting the source
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clean up
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New option to create a fill between the closing price and selected moving average when the extension is met.
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Added functionality to see when price is extended away from the moving average to the downside as well.
very good, this is what i am looking for, thank you very much, it's very small buy effective code for small moving averages , showing great result for taking TP.
Amphibiantrading
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@Crypto_Popat, thank you! I’m glad you’re finding it useful
poprobert625
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doesnt work on us30 try it please
Amphibiantrading
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@poprobert625, I have no issues with it on there. Might just need your distance to be considered extended in the settings
randyfocht91
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Very good idea. But maybe what we should be looking for is a much better moving average. Maybe you could create that BETTER Moving Average?
adi1334
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this doesnt seem to be working on forex pairs, how can we fix this ?
Amphibiantrading
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@adi1334, which pair specifically? I just tried it on a few with no issues
adi1334
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@Amphibiantrading, try EURUSD (FOREX.COM) , NIFTY 50 (NSE) , cant see the plot shapes
Amphibiantrading
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@adi1334, both work with no issues for me. Make sure you have your settings correct for distance you’re looking for and colors.
adi1334
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@Amphibiantrading, default settings, but look https://nothingg...https://www.tradingview.com/x/qFnNe3Im/