Just wandering whether there was anyone out there who knows how to offset the 50ema line on a chart? I guess it is similar to a bollinger band, but I want the actual line of the 50ema offset, above and below the actual 50ema by say 20pips (nominal figure only).
So the end result is you will have 3x 50ema lines running parallel with each other.
The line above will have a formula of: 50ema +20 (or whatever the offset is nominated as)
and the line below will have a formula of: 50ema -20 (or whatever the offset is nominated as).
Is this possible and can anyone shed some light on how it is done? It seems like an easy thing to do, (and I say this as a non programmer), but I have not yet come across this at all.....
Thanks in advance....