ema's within a certain percentage of each other

• 08/12/2018 at 3:11 AM #78027
  fredfilm

  i would like to code ema percentages if possible or something similar. eg when say 5,10,20,50ema are all within a percentage of each other. Any ideas on how to do this?

  

  fredfilm

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  08/12/2018 at 7:31 AM #78030
  robertogozzi

  You can write:

  Avg1 = average[5](close) Avg2 = average[10](close) Avg3 = average[20](close) c1 = Avg1 > (Avg2 * 1.01) AND Avg2 > (Avg3 * 1.01) IF c1 THEN...

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  Avg1 = average[5](close) Avg2 = average[10](close) Avg3 = average[20](close) c1 = Avg1 > (Avg2 * 1.01) AND Avg2 > (Avg3 * 1.01) IF c1 THEN...

  This will set C1 when each MA is higher THAN the slower one by 1%, you can use 1.001 for 0.1% and so on.

  To check when they’re lower you need to write 0.99 for -1% or 0.999 for -0.1% and so on.

  

  robertogozzi

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