by wccmcd » Tue May 06, 2014 5:00 am
Apprentice and Alexander.Gettinger,
This indicator is a super. I also noticed that the ratio between MA2/PRICE and MA1/MA2 is very important. When the value of MA2/PRICE (the difference value of the slower MA and price) is beyond 2*(MA1/MA2), it is something worth a notice. Can you make a indicator to show the ratio of this?
DIFF1 = ABS(PRICE - M2);
DIFF2 = ABS(M1-M2);
RATIO = DIFF1/DIFF2
It will be awesome to have this as a signaling indicator, especially when price is approaching the turning point.
I am using MT4 so if you decide to write it, please make a MT4 version as well. Thank you.