Moving Average Difference calculates the difference between two simple moving averages with different periods.
It is calculated by the following formula:
ΔSMA = SMA1(x(t)) - SMA2(x(t))
The indicator view in the chart.
The indicator has the following parameters:
Simple Moving Average 1 - set the first period for the SMA indicator.
Simple Moving Average 2 - set the second period for the SMA indicator.
Source - setting of the indicator calculation parameters:
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Colour - colour setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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