Custom Indicator: SMA * LastPrice

antogargi · 2023-08-07T14:16:01+00:00

Hi All, Is there anyone can help me with the code to create a custom indicator able to return the product between Simple Moving Average (dynamic setting of the period) and the last available price (e.g. close price)?

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08/07/2023 at 3:16 PM #218686 quote

antogargi
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Hi All, Is there anyone can help me with the code to create a custom indicator able to return the product between Simple Moving Average (dynamic setting of the period) and the last available price (e.g. close price)?

08/07/2023 at 4:06 PM #218690 quote

JS
Participant

Master

Hi @antogargi

Can you tell us a bit more about what you’re looking for?

What do you mean by the product between an SMA and the closing price?

08/07/2023 at 5:21 PM #218691 quote
robertogozzi
Moderator

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Is this one what you need?
```
return average[20,0](close) * close AS "Last price multiplied by its average"
```
08/07/2023 at 9:38 PM #218699 quote
antogargi
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Hi @Roberto, thanks a lot

My request might be incorrect

Following the attached screenshot:
1. I’ve created the custom indicator (the orange indicator in the volume graph named “Last price multiplied by its average”, left-hand side)
2. the expected result should be: 2.008,9 (SMA) * 132,23 (Price) = 265.636,847
3. the orange indicator returns instead 18.299
Does the code you’ve shared correspond to the point #2?

Screenshot-2023-08-07-at-22.29.37.png
08/07/2023 at 9:58 PM #218701 quote

JS
Participant

Master

Hi,

The value of the orange indicator is the result of:

Average[20](Close) * Close = 18.299

You want to calculate:

Average[20](Volume) * Close = 265,636,847

So, for the orange indicator you should use “Volume” for the calculation of the average and not the “Close”…

08/07/2023 at 10:13 PM #218702 quote

antogargi
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New

Hi @Js, it works, great 🙂

Thanks a lot!

Antonio

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