Real Motion Indicator

RealMotion indicator as explained by Market Gauge
“The brown dots are a dot plot of the individual values of the RealMotion variable. Essentially, they divide the equity price by the moving average of that price (here 200 period). We then subtract one and multiply that value by 100. This centers the indicator at zero (when price = moving average then RealMotion will equal zero). Furthermore, by multiplying by 100 we make it so that when RealMotion = 5.0 we can say that the price is 5% greater than the reference moving average.”

// Real Motion indicator (a Market Gauge indicator)
//ported to Prorealtime by ciccio
//
//Default Values:
//PrimaryAverage=200
//RealMotionAverageSlow=200
//RealMotionAverageFast=50
//NumDevsUp=2
//NumDevsDn=2
//
//BaseLine represents 200 days SMA of price closes
BaseLine=0

//RealMotion indicator as explained by Market Gauge
//"The brown dots are a dot plot of the individual values of the RealMotion variable.
//Essentially, they divide the equity price by the moving average of that price (here 200 period).
//We then subtract one and multiply that value by 100.
//This centers the indicator at zero (when price = moving average then RealMotion will equal zero).
//Furthermore, by multiplying by 100 we make it so that when RealMotion = 5.0
//we can say that the price is 5% greater than the reference moving average."
PrimaryAveragePlot=Average[PrimaryAverage](close)
RealMotion=(close/PrimaryAveragePlot - 1)*100

SlowRealMotion=Average[RealMotionAverageSlow](RealMotion)
FastRealMotion=Average[RealMotionAverageFast](RealMotion)

//Bollinger Bands
fUpperBand = FastRealMotion + ((STD[RealMotionAverageFast](RealMotion)) * NumDevsUp)
fLowerBand = FastRealMotion - ((STD[RealMotionAverageFast](RealMotion)) * NumDevsDn)

//Plotting
Return RealMotion COLOURED(150,75,0) AS "Real Motion", SlowRealMotion COLOURED(255,0,102) AS "SlowRealMotion", FastRealMotion COLOURED(0,0,255) AS "FastRealMotion", fLowerBand COLOURED(0,0,0) AS "fLowerBand", fUpperBand COLOURED(0,0,0) AS "fUpperBand", BaseLine COLOURED(0,0,0) AS "BaseLine"

// Real Motion indicator (a Market Gauge indicator)

//ported to Prorealtime by ciccio

//Default Values:

//PrimaryAverage=200

//RealMotionAverageSlow=200

//RealMotionAverageFast=50

//NumDevsUp=2

//NumDevsDn=2

//BaseLine represents 200 days SMA of price closes

BaseLine=0

//RealMotion indicator as explained by Market Gauge

//"The brown dots are a dot plot of the individual values of the RealMotion variable.

//Essentially, they divide the equity price by the moving average of that price (here 200 period).

//We then subtract one and multiply that value by 100.

//This centers the indicator at zero (when price = moving average then RealMotion will equal zero).

//Furthermore, by multiplying by 100 we make it so that when RealMotion = 5.0

//we can say that the price is 5% greater than the reference moving average."

PrimaryAveragePlot=Average[PrimaryAverage](close)

RealMotion=(close/PrimaryAveragePlot - 1)*100

SlowRealMotion=Average[RealMotionAverageSlow](RealMotion)

FastRealMotion=Average[RealMotionAverageFast](RealMotion)

//Bollinger Bands

fUpperBand = FastRealMotion + ((STD[RealMotionAverageFast](RealMotion)) * NumDevsUp)

fLowerBand = FastRealMotion - ((STD[RealMotionAverageFast](RealMotion)) * NumDevsDn)

//Plotting

Return RealMotion COLOURED(150,75,0) AS "Real Motion", SlowRealMotion COLOURED(255,0,102) AS "SlowRealMotion", FastRealMotion COLOURED(0,0,255) AS "FastRealMotion", fLowerBand COLOURED(0,0,0) AS "fLowerBand", fUpperBand COLOURED(0,0,0) AS "fUpperBand", BaseLine COLOURED(0,0,0) AS "BaseLine"

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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luxrun • 05/27/2021 #
Sarebbe utile avere qualche indicazione di massima sull’utilizzo di questo indicatore (la sua funzione fondamentale, gli eccessi e via discorrendo), grazie

Vinks_o_7 • 05/27/2021 #
Hi Luxrun
http://www.marketgauge.com/wp-content/uploads/2016/04/MG-Real-Motion-Indicator-Description.pdf
- Ciccio • 05/27/2021 #
  Thanks
  
  @luxrun
  Read the pdf file

luxrun • 05/27/2021 #
Thanks for the indication of the pdf. I’m actually looking for something more practical with examples of price analysis and the different behaviors of the indicator. On google I found this first video that I suggest to learn the characteristics of the indicator and other different settings. Thanks again, here is the link:

https://www.youtube.com/watch?v=Yow4P1hTfbY&ab_channel=StockCharts

supertiti hola Ivan Eso quiere decir que el Parabolic sar RSI est igual al parabolic sar de PRT ? p...

supertiti buenas tardes Ivan me gusteria tener lo mismo on chart con los puntos azules y rosas de c...

LucasBest Thanks for the translation. This one can be compared to dynamic zone RSI

geroniman merci Ivan, super indicatuer. Les cours vont souvent toucher 50% des zones vertes ou rouges....

Iván Pour ajouter une ligne supplémentaire, il suffit de créer une nouvelle variable, par exemple...

Maurizio A. excellent indicateur ! comment puis-je modifier le code pour afficher uniquement les dernier...

Iván Hi! just change line13 for this: showsignals=1

Quino Hi Excellent indicator as usual. Just 2 questions: Why LenH and LenL = 15 as Len could be...

Iván Hi! good question. This is a code request traslation from other platform. I took same inputs...

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