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Indicator request

  • #1
  • First Post: Dec 7, 2007 9:28pm Dec 7, 2007 9:28pm
sorry for this stupid request
I searched about it here and other forums and didn't found it

is there is an indicator that show the spread of the moving average?!
I mean the percent of the close price above or below a specific moving average and plotted as a line like RSI

I made one like this for amibroker for equity trading but I cant do the same with MLQ

can I find this indicator??!

thanks in advance
  • #2
  • Dec 7, 2007 10:24pm Dec 7, 2007 10:24pm
please post a screenshot of what you want (use ms paint to draw on it if you have to)
  • #3
  • Dec 7, 2007 10:48pm Dec 7, 2007 10:48pm
ok, thanks for quick reply

the idea is
if we apply for example 200 SMA on GU chart
so if the last bar close price say 2.1074 and the SMA at 2.0093
then the price is above the SMA by 4.8%
the calculation is very simple
% = [(ClosePrice - SMA)/SMA] * 100

here how i did it for amibroker

T1=200;
KMA1=((C-MA(C,T1))/MA(C,T1)*100;
Plot(KMA,"200MA Spread",29);

if this may help you

and this is a capture of how the indicator looks
Attached Image (click to enlarge)
Click to Enlarge Name: xx.png Size: 15 KB
  • #4
  • Edited 8:12am Dec 8, 2007 7:56am | Edited 8:12am
Hi benssol,

This may work in relieving your red face, but the market is closed so I have no way of checking real time:

Attached File(s)
File Type: mq4 Moving Average Spread.mq4   1 KB | 657 downloads


Regards,
lucidlamp
  • #5
  • Dec 8, 2007 10:14am Dec 8, 2007 10:14am
Quoting lucidlamp
Hi benssol,

This may work in relieving your red face, but the market is closed so I have no way of checking real time:

Attachment

Regards,
lucidlamp
yes , this is what I want
thanks alot my friend
I will check it too, on real time charts

thanks again
  • #6
  • Dec 8, 2007 11:35am Dec 8, 2007 11:35am
the translation of your formula to mq4 is as follows:

Inserted Code
((Close[i] - sma) / sma) * 100;


wrapping it in a for loop looks like this

Inserted Code
 
for(i = Bars - sma; i >= 0; i--)
{
   //ExtMA is variable for the moving average you want (i.e. 200)
   //i is the location of the bar (i.e. 0 = current)
   double sma  = iMA(NULL, 0, ExtSMA,  0, MODE_SMA, PRICE_CLOSE, i);
   double oscillator  = ((Close[i] - sma) / sma) * 100;
   ExtMapBuffer1_SMA[i]  = oscillator;
 
}//end for the bars in the range

i created an indicator using three oscillators so you can get cross overs; a short, medium, and long MA (i used fibo numbers 34, 89, 144 as defaults) i also added extra variable so you can shift the MAs, change the price constant (close, open, etc), and choose the type of MA (sma, ema, etc) here is the for loop for that (it isnt that much more code, but you get more for it)

Inserted Code
 
int start()
{
 
   for(int i = Bars - ExtLongMA; i >= 0; i--)
   {
      double shortMA  = iMA(NULL, 0, ExtShortMA,  ExtMAShift, ExtMAType, ExtPriceConstant, i);
      double mediumMA = iMA(NULL, 0, ExtMediumMA, ExtMAShift, ExtMAType, ExtPriceConstant, i);
      double longMA   = iMA(NULL, 0, ExtLongMA,   ExtMAShift, ExtMAType, ExtPriceConstant, i); 
      double shortOscillator  = ((Close[i] - shortMA) / shortMA) * 100;
      double mediumOscillator = ((Close[i] - mediumMA) / mediumMA) * 100;
      double longOscillator   = ((Close[i] - longMA) / longMA) * 100;
      
      ExtMapBuffer1_ShortMA[i]  = shortOscillator;
      ExtMapBuffer2_MediumMA[i] = mediumOscillator;
      ExtMapBuffer3_LongMA[i]   = longOscillator;
      
   }//end for all the bars in range
   return(0);
   
}//end function start
Attached File(s)
File Type: mq4 ClosePriceToMAOsillator.mq4   4 KB | 423 downloads
  • #7
  • Dec 8, 2007 12:13pm Dec 8, 2007 12:13pm
here is a screenshot of the indicator with MAs on the chart... you can see the inverse relationship.

btw: how would you trade using this indicator? i assume this is a secondary indicator...what is your trading system?
Attached Image (click to enlarge)
Click to Enlarge Name: ClosePriceToMAOsillator.PNG Size: 74 KB
  • #8
  • Dec 8, 2007 3:09pm Dec 8, 2007 3:09pm
Quoting mpurdy1973
here is a screenshot of the indicator with MAs on the chart... you can see the inverse relationship.

btw: how would you trade using this indicator? i assume this is a secondary indicator...what is your trading system?
WOW
that's alot of work
I did this by inserting lucidlamp's indicator many times in the same window

well, I used this indicator in stocks for timing and for S/R levels, Divergence
also I used to draw trend lines on it
and it's very famous usage with 200, 50, 20 SMAs
we found some important level at specific percentage as 20%, 40, 70, 90 above and below 200 or 50 SMAs and this for stocks, this shows you where is the market and how it's strength
this percentages can change from stock to another and different from markets, each chart has his own history

also you can expect a reverse at some levels using this percentages

I used to do this for Forex in excel sheet and record to record important values for testing this idea

for example the attached chart
GU 4H

the price was at 1.14% under the 200 SMA at 18/9/2007 (the blue rectangle)
and this is critical level for cable and good support area
so we can plan the most expected critical levels above and below the MA if one gone the nearest station will be the other

the 200SMA was @ 2.0125
so if we calculate the other expected percents from this level
so 1% above 200SMA will be @ 2.0326
and 2% above 200SMA will be @ 2.0527
and 3% aboce 200SMA will be @ 2.0728
and 4% above 200SMA will be @ 2.0930
and 5% above 200SMA will be @ 2.1131

(every level pointed on the chart by red line)
1,3,5 are the most important and 2,4 are the second
and the most critical point 5% above the SMA

you can combine two SMAs as 200, 50 as you did for long and intermediate terms and this is very famous in stocks
and calculate those levels for the two and when you see a level from one approximate a level from the other you can expect a sharp reverse at this point
some people divide the percent of the two MAs to see a different picture
others see the relation between a specific percent and the market behavior

there are some many usages and techniques for this indicator

to get a good explanation in better language
read those articles

http://traderfeed.blogspot.com/2006/...es-matter.html
http://www.tradersnarrative.com/timi...ratios-32.html
http://online.wsj.com/mdc/public/pag...mod=mdc_tchanl
http://www.seekingalpha.com/article/...moving-average
http://www.etf-central.com/simple-mo...ategies-spy-13
http://www.chrisperruna.com/2007/07/...ge-divergence/
http://smart-money-report.com/blog1/archives/670
http://bespokeinvest.typepad.com/bes...-moving-a.html

Thanks again for the hard work my friend
Attached Image (click to enlarge)
Click to Enlarge Name: 55.gif Size: 25 KB
  • #9
  • Edited 6:47pm Dec 8, 2007 5:34pm | Edited 6:47pm
Would also make a nice histogram, but that would not work so well if the indicator was stacked. Although it may point out some divergences, as rare as they seem to occur:

Attached Image
Attached Image
Attached Image
Attached Image
  • #10
  • Dec 8, 2007 7:31pm Dec 8, 2007 7:31pm
if you look at the code you can set the default setting at 200, 50, and 20 and recompile it.

lines 15, 16, and 17

Inserted Code
//---- input parameters
extern int       ExtShortMA=34;
extern int       ExtMediumMA=89;
extern int       ExtLongMA=144;

i am working on my master's thesis in computer science, where i am building a rule based trading system; your information sound interesting and will be checking it out. if you have any other ideas, i would be willing to listen.

matt
  • #11
  • Dec 8, 2007 10:05pm Dec 8, 2007 10:05pm
I just had to post this:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_w1.gif Size: 13 KB
  • #12
  • Dec 9, 2007 2:28pm Dec 9, 2007 2:28pm
Quoting mpurdy1973
if you look at the code you can set the default setting at 200, 50, and 20 and recompile it.

lines 15, 16, and 17

Inserted Code
//---- input parameters
extern int       ExtShortMA=34;
extern int       ExtMediumMA=89;
extern int       ExtLongMA=144;
i am working on my master's thesis in computer science, where i am building a rule based trading system; your information sound interesting and will be checking it out. if you have any other ideas, i would be willing to listen.

matt
I wish for you great success in your study
and if I can help in anything just tell me
  • #13
  • Dec 9, 2007 2:43pm Dec 9, 2007 2:43pm
Quoting lucidlamp
I just had to post this:

Attachment
WOWWWW

Here we can say Kodos for Mr. Igrok
  • #14
  • Dec 12, 2007 10:50am Dec 12, 2007 10:50am
Hi,

Stacking this indicator will give an inconsistent visual when comparing the stacked lines. This becomes evident when the zero level is compared between the stacked lines. One may want to compensate by setting a fixed minimum/maximum?

Regards,
lucidlamp
  • #15
  • Last Post: Dec 17, 2007 5:01am Dec 17, 2007 5:01am
Quoting lucidlamp
Hi,

Stacking this indicator will give an inconsistent visual when comparing the stacked lines. This becomes evident when the zero level is compared between the stacked lines. One may want to compensate by setting a fixed minimum/maximum?

Regards,
lucidlamp
sorry lucidlamp for this very late reply, I didnt see the thread until now

also I didnt understand your point!!

btw, this indicator is awesome I can trade with it alone, even without the price

thanks again for you and mpurdy1973
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