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Comparing the difference in 2 EMAs over time

egyptiantrader · 2021-09-28T18:19:28+00:00

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.

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Comparing the difference in 2 EMAs over time

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09/28/2021 at 7:19 PM #178675 quote

egyptiantrader
Participant

Junior

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.

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

robertogozzi
Moderator

Legend

Yes, that’s correct.

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

egyptiantrader thanked this post

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

egyptiantrader
Participant

Junior

Thank you once again. 🙂
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Posts

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Comparing the difference in 2 EMAs over time

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This topic contains 2 replies,
has 2 voices, and was last updated by egyptiantrader
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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/28/2021
Status:	Active
Attachments:	No files

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Comparing the difference in 2 EMAs over time

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Comparing the difference in 2 EMAs over time ProOrder: Automated Strategies & Backtesting

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Comparing the difference in 2 EMAs over time

ProOrder: Automated Strategies & Backtesting