One of the annoying things with MC is it's non industry standard naming of MA's and easy changing of MA types on a chart.
To change the MA type on a chart, you need to delete the first study and then pick the new one from the list of studies.
When trying to find a MA that best fits the prices, it can be somewhat difficult and or tedious.
So I have created one indicator (study) called "NWT MA Combo", this has up to 5 displayable MA averages built in. Each of these moving averages can be differnt MA types ie SMA, EMA, WMA etc and all at different periods ie a 20 MA, a 50MA etc.
In the attached picture. One indicator ( Study) has been added to the chart. This then displays 5 MA on the chart.
Possible MA types are -
- "S" or "s" = Simple
- "E" or "e" = Exponential
- "W" or "w" = Weighted
- "T" or "t" = Tema
- "Z" or "z" = ZeroLag
Price types are the usual -
- Open or O, High or H, Low or L, Close or C
- Or a mathmetical type ie "(H+L+C)/3" - average price
If you don't want to use a MA then set's it's length to 0 (Zero) and it will not display. The Type and Price can stay set, just the length set to 0.
Neil.
Category MultiCharts
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