Comparing the difference in 2 EMAs over time

• 09/28/2021 at 7:19 PM #178675
  egyptiantrader

  Hello all.

  I’m trying to compare the value of the difference between 2 EMAs once each day just after market open and  going back and checking the previous 2 candles to see if it’s growing or shrinking.

  Is this correct? And how can I check it’s executing correctly?

  emadiff = ExponentialAverage[20](Close)- ExponentialAverage[50](Close)

  IF Time = 143500 then
  C5 = (emadiff>emadiff[1] AND emadiff[1]>emadiff[2])
  C6 = (emadiff<emadiff[1] AND emadiff[1]<emadiff[2])
  Endif

  Thanks.

   

  

  egyptiantrader

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  09/28/2021 at 7:58 PM #178679
  robertogozzi

  Yes, that’s correct.

  You can use RETURN emadiff, then check yourself on your screen.

   

  1 user thanked author for this post.

  egyptiantrader

  

  robertogozzi

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  09/28/2021 at 10:19 PM #178682
  egyptiantrader

  Thank you once again. 🙂

  

  egyptiantrader

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