Worden Discussion Forum
I am wondering if it was possible to first create a very simple indicator:
the percentage of the distance of the 20 MA.
Let me explain. I woud like to create an indicator that showed me in % the distance of the price related to the 20 ma. I would also like to insert +30% line in the indicator to show if the price is more than 30 distant of the 20 ma it should be "over bought" or oversold.
Then, if possible to create a scan condition that would show me when stocks are over 30% distant from the 20 MA.
Thank you! Testing now!
Hello Bruce. I dont know if you are familiar with the Didi index, or Didi needle(they are the same). I am trying to create an indicator:
simple moving averages of 3, 8 and 20 periods.
the sma of 8 is ploted as a horizontal line (0 axis).
Then I would like to create a scan condition where al of the indicadors cross each other together at the same point ( the sma 8, hence the neddle. ) Or very close to it.