The Caretakers Moving Average Baseline Comparison Indicator.
I introduce My Moving Average Baseline Comparison Indicator.
This indicator Displays the (Selectable) Source as a 'Zero' Baseline.
The Baseline source can be selected from any of the indicators 7 EMAs or 4 SMA's. It can also be chosen from any external indicator or chart plot series. (Default = close).
It plots the price differences between 7 EMA's and/or 4 SMA's and the selected Baseline Source. (Default [ EMA's 3, 8, 21, 55, 89, 200 … SMA's 10, 30, 50, 200 ])
This allows for deeper analysis of the alignment of the Moving averages in regards to the source.
This also allows for clear analysis of divergences between the moving averages and the source.
The EMA's and SMA's can be turned on and off as groups.
There is an optional Fill color from the highest period EMA and SMA for easy macro trend identification.
The source can be switched to log scale, and a multiplication factor can be applied. (Default = 1000) Note : In log mode the scale values are not accurate.
A smoothing factor can be applied to the moving averages to reduce noise. (Default = 1)
The Indicator plots can be inverted on the Y axis.
The indicator can be used in a variety of ways to plan entries/exits and as a trend analysis tool.
Sürüm Notları
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Added SMA 1 - SMA 4 to the source list.
Sürüm Notları
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Changed settings layout and added colour fill options
I dont know why its giving you the error, I will be publishing this and a few others open source in the very near future. if the problem persists and you want it sooner, reach out to me through discord and I am happy to send you the source code directly.
hi caretaker, this is a useful script, i was wondering if you were ready to publish this open source yet or could let me have the script. im not a coder but i like to have the code for indy keepers in case of future problems. are you still an admin on dicord for krown?
bobsbluebull
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Hi Caretaker. I am also getting an error that says "Oops something went wrong. Please try again later." The indicator used to work for me just fine. Now it doesn't. Something got messed up somewhere. Any idea how to fix it please?
The_Caretaker
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@bobsbluebull, I have updated the script and it should be good now.
Best regards
Crypler
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Big up for your work man! Absolutely fantastic scripts. I tried to add Caretakers Baseline but it give me erros and I can't add it to the chart. Any idea why? Cheers, Crypler.
The_Caretaker
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@Crypler, I have updated the script and it should be good now.
Best regards