I use DEMA and Price difference in many strategies and and trade.
Finally , ı wanted to build an indicator for relation between them.
It calculates the percentage of difference between price and dema and estimates deviation from the main trend.
Formula = (price-dema)/price*100
There is some parameters;
DEMA Length is length of dema , ı think...
Updated version of the previously published multi-indicator which includes
4x Moving Averages
2x Ichimoku Clouds
Bill Williams Fractals
-Toggle switches for each indicator on input tab for easy on/off
-MA Type Selector (EMA/SMA/WMA/VWMA)
-Various default style change
Many thanks to both redwraith and jedireza for helping me work out the MA...
Single Exponential Smoothing (ema) does not excel in following the data when there is a trend. This situation can be improved by the introduction of a second equation with a second constant gamma.
The gamma constant cant be lower than 0 and cant be greater than 1, higher values of gamma create less lag while preserving smoothness.Higher values of length must be...
Since I noticed there was no Script with actually 3 EMA together (all the ones I found said it was Exponential, but actually was Simple), i created this one.
The lengths, 17 72 305, are based on the phi cube theory, introduced by Bo Williams. The slow length (305) indicate a likely strong support/resistance and the region between the fast and medium lengths (17,...
Here you can have 4 EMA on one indicator. The inputs are for 8, 13, 21 and 55 previous open&close which are from Fibonacci sequence.
How to : To use the script, click on "Add to Favourite Scripts", then load the script from Indicators on the Chart.
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