FXCodeBase.COM: Forex Chart Indicators and Development

The indicator will show the difference between the moving average and closing prices.
The value can be displayed as Pip or absolute value.
Color indicates that the difference is reduced (red) or increase (green).

MT4/Mq4 version.
viewtopic.php?f=38&t=64777

Thank you Apprentice, excellent work. I truly appreciate this

This is great! Thank you very much for doing this!

Upon further review, it does not appear that this indicator is calculating correctly. Not entirely sure what the data is being populated. Perhaps the averages are getting confused by different time frames? I've attached a screenshot of the erroneous values using 34 EMA.

Hoping for current Daily Price - Daily EMA Close, current 4h price - 4h EMA close, current 1h price - 1h EMA Close etc. The overall indicator layout is great, just hoping to get those values corrected.
Again I really appreciate your work on this, it's helping me greatly.

Almost every indicator I use has been one of your designs and I am very, very grateful

Upon further examination I think I found my issue. Price is calculated off the current Daily Candle close? Would it be possible to do it off current price? i.e Current Price - Current Daily EMA Close etc?

Current Daily Candle close and current price, will have same value?!

My apologies I made that a bit confusing. Just looking for current price - daily EMA, current price - 4h EMA etc. I confused things when I said time frames price. Only looking to use the current price, not the closing price. Greatly appreciated.

Could you please convert the numerical values to pips for each pair? That would be very useful

speakinmymind wrote:Could you please convert the numerical values to pips for each pair? That would be very useful

I apologize, I didn't read the post before I posted... opps

The indicator was revised and updated.