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;