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(EFS) Gauge MA Trend PRO

5. May 2010
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eSignal Study:  Similar to other "gauge" indicators on this site, this script give the bias/trend based on if PRICE is above or below a given moving average. Displays the bias from multiple time frames on a single chart.

Similar to the MA Cross script, except instead of looking at the relationship of two moving averages, this script looks at the relationship of a single moving average and the current price.

In the example image, it is looking at the 21 ema on the 5, 15, and 30 minute timeframes. Over all three time frames, the current price is above the MA, thus all have a green background.  However, price is moving toward the MA, thus the text is colored red for each.  

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

 

 

 


  
 

Study, Bias, Pro