% distance from Moving average condition

• 09/02/2024 at 8:18 AM #236988
  Tbone6060

  Hey there guys –  wondering if anyone could help with code condition for only taking a trade if price is a certain % above moving average?

  so price must be within 5% of 200 ema? any help appreciated thanks

  

  Tbone6060

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  09/02/2024 at 9:59 AM #236999
  robertogozzi

  There you go:

  // price must be within 5% of 200 ema Ema200 = average[200,1](close) Above = Ema200 * 1.05 //5% above Below = Ema200 * 0.95 //5% below Cond = (close <= Above) AND (close >= Below) RETURN Cond AS "Within 5%"

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  // price must be within 5% of 200 ema   Ema200 = average[200,1](close) Above  = Ema200 * 1.05          //5% above Below  = Ema200 * 0.95          //5% below Cond   = (close <= Above) AND (close >= Below) RETURN Cond AS "Within 5%"

   

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  Iván

  

  robertogozzi

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  09/02/2024 at 11:20 AM #237011
  Tbone6060

  Thank you!

  

  Tbone6060

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