Compression / Expansion of MAs

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07/30/2022 at 8:20 AM #198106 quote

Participant

Veteran

Hello,

I’d like to screen securities for which MAs, for example Exponential MA 5/8/13/21/34/50, compress then expand like on the attached screenshot (SP500 TF M15). I tried to calculate the difference between MAs and put a condition if the difference is <= to a certain fixed value say (5) for example but it misses many occurrences or generates many false signals.

Can someone please come with a solution where the delta is relative without being too big? may be using std or atr or ste or other function or may be should introduce a loop?

Thanks

I tried the code below but it either show too many occurrences (false signals) or misses signals

c1 = 

EMA5 = average[5,MAType](close)
EMA8 = average[8,MAType](close)
EMA13 = average[13,MAType](close)
EMA21 = average[21,MAType](close)
EMA34 = average[34,MAType](close)
EMA50 = average[50,MAType](close)
Threshhold1 = 5

if abs(EMA5-EMA8) <= Threshhold1 and abs(EMA8-EMA13) <= Threshhold1 and abs(EMA13-EMA21) <= Threshhold1 and abs(EMA21-EMA34) <= Threshhold1 and abs(EMA34-EMA50) <= Threshhold1 and abs(EMA50-EMA100) <= Threshhold1 and abs(EMA100-EMA200) <= Threshhold1 then
DRAWPOINT(barindex, close-10, 5)coloured("cyan")
c1 = 1
endif

screener[c1](RSI[14])

Capture-décran-2022-07-30-à-09.06.48.png

07/30/2022 at 10:51 AM #198117 quote

robertogozzi

Moderator

Legend

There you go:

MAType = 1
EMA5  = average[5,MAType](close)
EMA8  = average[8,MAType](close)
EMA13 = average[13,MAType](close)
EMA21 = average[21,MAType](close)
EMA34 = average[34,MAType](close)
EMA50 = average[50,MAType](close)
Treshold1 = 5 * PipSize


MaxEma = max(Ema5,max(Ema8,max(Ema13,max(Ema21,max(Ema34,Ema50)))))
MinEma = min(Ema5,min(Ema8,min(Ema13,min(Ema21,min(Ema34,Ema50)))))

c1     = (MaxEma - MinEma) <= Treshold1

screener[c1](((MaxEma - MinEma) / PipSize) AS "Gap")//(RSI[14])
//screener[c1](RSI[14]

This is an indicator to show the GAP bwtween them:

MAType = 1
EMA5  = average[5,MAType](close)
EMA8  = average[8,MAType](close)
EMA13 = average[13,MAType](close)
EMA21 = average[21,MAType](close)
EMA34 = average[34,MAType](close)
EMA50 = average[50,MAType](close)
Treshold1 = 5 * PipSize

MaxEma = max(Ema5,max(Ema8,max(Ema13,max(Ema21,max(Ema34,Ema50)))))
MinEma = min(Ema5,min(Ema8,min(Ema13,min(Ema21,min(Ema34,Ema50)))))

Gap    = (MaxEma - MinEma) <= Treshold1

RETURN Gap AS "Minimum Gap"

And this one is the indicator I used to plot the averages:

MAType = 1
EMA5  = average[5,MAType](close)
EMA8  = average[8,MAType](close)
EMA13 = average[13,MAType](close)
EMA21 = average[21,MAType](close)
EMA34 = average[34,MAType](close)
EMA50 = average[50,MAType](close)

RETURN Ema5 AS "Ema5",Ema8 AS "Ema8",Ema13 AS "Ema13",Ema21 AS"Ema21", Ema34 AS "Ema34",Ema50 AS "Ema50"

Khaled thanked this post

07/30/2022 at 11:34 AM #198123 quote

Khaled

Participant

Veteran

Thanks a million Roberto, to the point as always!

robertogozzi thanked this post