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UPSTrader
Posted : Wednesday, November 28, 2018 11:12:49 PM
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Joined: 11/4/2018
Posts: 5

Hi, is there a way to scan for a flat 8 ema for the last 4 bars.

UPSTrader
Posted : Wednesday, November 28, 2018 11:24:24 PM
Registered User
Joined: 11/4/2018
Posts: 5

I'm sorry I forgot to mention is it possible to use the bar lows for the ema calculation?  Thanks!

Bruce_L
Posted : Thursday, November 29, 2018 9:47:34 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You can change Average of setting to Low to get the moving average to be of the low in the Moving Average - Exponential indicator on the chart.

The moving average itself as a formula would just be the following.

XAVGL8

As to it being flat over the most recent 4 bars, you could check for the range over those 4 bars to cover 0.5% at most for example.

MAX(XAVGL8, 4) <= 1.005 * MIN(XAVGL8, 4)

You can change the 1.005 to something else to adjust the percentage.



-Bruce
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UPSTrader
Posted : Thursday, December 6, 2018 8:00:39 PM
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Joined: 11/4/2018
Posts: 5

Thank you very much

Bruce_L
Posted : Friday, December 7, 2018 9:30:16 AM


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Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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