File Includes: Indicator - MyDisplacedAvg
Category: Indicator > Averages
Description: Displaced moving averages plot the moving average values of a previous bar or later bar on the current bar.
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).
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
PLOT2(IFF(CURRENTBAR > DISPLACE, AVERAGE(PRICE,LENGTH)[DISPLACE],CLOSE[DISPLACE]) ,"DISPAVG");