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Averages > Displaced Moving Average

Article/Author: Omega Research Inc., 1997

Download: disavg.ela

File Includes: Indicator - Displaced Moving Average

Category: Indicator > Average

Description:

Displaced moving averages plot the moving average values of a previous bar or later bar on the current bar.

Usage:

The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).




Inputs:

Price - the data series to average
Length - the parameter tells how many bars to average
Displace - number of bars to displace the plot of the moving average

EasyLanguage Code:
INPUT : PRICE(CLOSE), LENGTH(9), DISPLACE(5);


IF DISPLACE >= 0 THEN BEGIN
IF CURRENTBAR > DISPLACE THEN
PLOT1(AVERAGE(PRICE,LENGTH)[DISPLACE],"AVGDISPLACE");
END;

IF DISPLACE < 0 THEN BEGIN
IF CURRENTBAR > ABSVALUE(DISPLACE) THEN
PLOT1[ABSVALUE(DISPLACE)](AVERAGE(PRICE,LENGTH),"AVGDISPLACE");
END;