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Feb 11, 2021 3:43 AM

Moving Average Periodical Divergence 

S&P 500 IndexTVC

Description

Uses the difference between two PMA (Moving Average Periodical) indicators to create an oscillator.

Useful for visualizing daily/weekly cycles, strength and potential momentum. The defaults are 2 days (fast) and 5 days (slow).

Release Notes

Change-list:

  • Now allows for targeting varying moving average types. Now SMA, WMA, and EMA are options and can be compared against each other. The fast MA can be EMA and the slow can be WMA.
  • Floats are now used for values to allow for more fine tuning.

Release Notes

Corrected screenshot.

Release Notes

Allow for using the fast MA as the source for the slow.
Facilitates MACD style behavior.

Release Notes

Updated chart example.
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