Custom Indicator: SMA * LastPrice

• 08/07/2023 at 3:16 PM #218686
  antogargi

  Hi All, Is there anyone can help me with the code to create a custom indicator able to return the product between Simple Moving Average (dynamic setting of the period) and the last available price (e.g. close price)?

  

  antogargi

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  08/07/2023 at 4:06 PM #218690
  JS

  Hi @antogargi

   

  Can you tell us a bit more about what you’re looking for?

  What do you mean by the product between an SMA and the closing price?

   

  

  JS

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  08/07/2023 at 5:21 PM #218691
  robertogozzi

  Is this one what you need?

  return average[20,0](close) * close AS "Last price multiplied by its average"

  1	return average[20,0](close) * close AS "Last price multiplied by its average"

   

  

  robertogozzi

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  08/07/2023 at 9:38 PM #218699
  antogargi

  Hi @Roberto, thanks a lot

  My request might be incorrect

  Following the attached screenshot:

  1. I’ve created the custom indicator (the orange indicator in the volume graph named “Last price multiplied by its average”, left-hand side)
  2. the expected result should be: 2.008,9 (SMA) * 132,23 (Price) = 265.636,847
  3. the orange indicator returns instead 18.299

  Does the code you’ve shared correspond to the point #2?

  

  antogargi

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  08/07/2023 at 9:58 PM #218701
  JS

  Hi,

   

  The value of the orange indicator is the result of:

  Average[20](Close) * Close = 18.299

   

  You want to calculate:

  Average[20](Volume) * Close = 265,636,847

   

  So, for the orange indicator you should use “Volume” for the calculation of the average and not the “Close”…

  

  JS

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  08/07/2023 at 10:13 PM #218702
  antogargi

  Hi @Js, it works, great 🙂

  Thanks a lot!

  Antonio

  1 user thanked author for this post.

  JS

  

  antogargi

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