visually we can see when the MA ribbons get too wide, or when
they are pinched. However it's been complicated to come up with
something that is a normalized measurement between 0% - 100% vs
something subjective. The indicator does this - most of the time it
rarely gets above 80% and below 30%. You'll start setting that on
the KISS charts
you can see on this 15 min ES chart just how much things stand
out when you expand that ribbon - really pops when it gets too
expanded - the indicator gets up around 80%
New indicator to measure the MA ribbons
Posted by matt on 3rd of Apr 2023 at 06:03 pm
visually we can see when the MA ribbons get too wide, or when they are pinched. However it's been complicated to come up with something that is a normalized measurement between 0% - 100% vs something subjective. The indicator does this - most of the time it rarely gets above 80% and below 30%. You'll start setting that on the KISS charts
you can see on this 15 min ES chart just how much things stand out when you expand that ribbon - really pops when it gets too expanded - the indicator gets up around 80%
Very nice!
Posted by fredsaid on 3rd of Apr 2023 at 09:26 pm
Very nice!
very cool you were able
Posted by craigm on 3rd of Apr 2023 at 06:32 pm
very cool you were able to quantify the "wideness" of the ribbons - another great tool
yeah it could be used
Posted by matt on 3rd of Apr 2023 at 06:34 pm
yeah it could be used in systems as either a filter or a signal. That said I'm still not entirely happy with it, but even as is, is nice
Posted by matt on 3rd of Apr 2023 at 06:07 pm
This indicator looks really interesting.
Posted by timebandit on 3rd of Apr 2023 at 06:22 pm
This indicator looks really interesting. Will you explain it in a newsletter? I'd like to learn more.
it measures the distance between
Posted by matt on 3rd of Apr 2023 at 06:30 pm
it measures the distance between the highest MA and the lowest MA and normalizes it 0% to 100%