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Worden Discussion Forum
I am indebted to you. I will take time to go through your equation.
Thank you so much for the equation.
As for the first equation, if i where to apply it to (2EMA - 8EMA) between the previous and current bar.
Would it be (6 * C - 9* XAVGC2.1 +3*XAVGC8.1) / 385? If not could you provide the correct equation.
Once again thank you so much for your help
I would like to know if there is a PCF formula that allows me to workout the steepness of the difference between moving averages e.g (21EMA - 34EMA). Basically I am trying to workout the first derivative of an indicator that tracks the difference between moving averages. I would like the output to be a number, e.g. 2, 1.5, 1, . Which would allow me to make comparison across different stocks.
Many Thanks in advance
Could you please send me the layouts also?