Moving Average of the open bar (indi request)

This is a request for an indi to address the problem of the moving average line of an open bar. If you are following MAs you will have noticed the following problem:
Let's say we are on M5 timeframe and we have a quick MA (e.g. EMA5, EMA10). The MA of the bar that hasn't closed yet is moving up and down as the price of the current bar fluctuates. So, if you are trading a bounce of such an MA, you don't know what the MA will look like when the bar closes. It would be extremely useful to have an indicator that plots two lines above and below the MA with a user defined pips option x. For example, if I choose x=5 pips the indicator would plot the MA for the current bar with two lines L1 and L2, where L1 would be the MA if price closed +5 pips from the current price and L2 would be the MA if price closed -5 pips from the current one.

I hope I described this clearly and if a good soul wants to code such an indi it would be great for those who use MAs.

Try attached indicator. No bells and whistles at this point. Let me know if it does what you are looking for.

Edit: Indicator removed. See post below for updated indicator.

http://www.forexfactory.com/showthre...40#post4764240

Zznbrm,
You rock! That was very fast and efficient. My vouch to you is well deserved!

I am testing as we speak; first impression it looks like it's working like a charm. Two suggestions when you find time for bells and whistles:
1. If possible instead of the two lines across the screen having the lines located only above/below the current bar MA would be better. Right now they visually interfere with my Ask Line (I turned it off but I still have the Bid line interfere). As a coder you may have an even better idea than the lines I suggested.
2. If the above is not possible maybe you can have the color/thickness of the lines user defined so that we could change them to something that doesn't get in the way of the Bid/Ask lines.

Again cudos for the quick and excellent work.

Kostas

A line needs two points to be a line. So, to use lines, we would need another "point" in addition to the current candle.

Try the attached. It will draw the lines from the "next bar" (Time[-1]) back for a user defined number of bars. 3 new inputs:

eclrLineColor - specify the color of the lines
eintLineWidth - specify the width of the lines
eintLineCandlesBack - specify the number of candles back to draw the lines from the current candle

Play around with it and let me know if this works for you. These cosmetic changes are easy and very quick to code.

I've enjoyed reading your CHOROS System thread over the past year or so - it is one of the best threads on FF and I applaud you for your success and contributions.

I'm more than happy to code this indicator for you to pay you back for helping my trading!

On a somewhat related note...

As you specified, the touches of moving averages is important to your trading. The attached indicator will show the exact price (within a pipette) where the current price will equal the moving average.

Beauty! Exactly what I was envisioning. By the way, this was an idea that popped in my head last night and tonight it is a reality thanks to your contribution.
Thanks for your good words on the CHOROS system. You are welcome to visit the thread. I will post your indi there too.

Kostas.