MA 2 Histogram

MA 2 Histogram

The indicator is based on two Moving Averages. Its only difference from traditional indicators is that it is presented as a histogram.

The histogram has four colors; each color represents a MA with its own period.

In case of a descending trend, if a price is lower than a moving average, the indicator displays a value lower than the red zero level. In case of ascending trend, the indicator value is higher than the green zero level.

Parameters:

• Period MA 1 - Period of the first moving average.
• MA 1 method: - Method of the first moving average (SMA - simple averaging, EMA - exponential averaging, SMMA - smoothed averaging, LWMA - linearly weighed averaging).
• Apply to: - Application to the price of the first moving average (Close price - price of closing, Open price - price of opening, High price - maximum price for a period, Low price - minimum price for a period, Median price - meridian price, (high+low)/2, Typical price, (high+low+close)/3, Weighted price - weighed average price, (high+low+close+close)/4).
• Period MA 2 - Period of the second moving average.
• MA 2 method: - Method of the first moving average (SMA - simple averaging, EMA - exponential averaging, SMMA - smoothed averaging, LWMA - linearly weighed averaging).
• Apply to: - Application to the price of the second moving average (Close price - price of closing, Open price - price of opening, High price - maximum price for a period, Low price - minimum price for a period, Median price - meridian price, (high+low)/2, Typical price, (high+low+close)/3, Weighted price - weighed average price, (high+low+close+close)/4).