Download: mydispavg.ela
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.
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(0);
PLOT1[DISPLACE]( AVERAGE(PRICE,LENGTH),"AVG");
PLOT2(IFF(CURRENTBAR > DISPLACE, AVERAGE(PRICE,LENGTH)[DISPLACE],CLOSE[DISPLACE]) ,"DISPAVG");