Jump to content
Kelvin

DAS Trader - Region highlight based on percentage of moving average

Recommended Posts

Hi everyone,

I was wondering if anyone knows a way to highlight/shade areas in a chart based on the percentage of a moving average such as the 9EMA. The reason for this is to more quickly identify stocks that are getting extended from the moving average in order to assess opportunities for a play on pullbacks. Bonus if an alert can be set when the price crosses over the highlighted region.

I have tried to draw a (poor) representation of what it would look like based on a 1% gap from the 9EMA (orange line) on the 1min chart below:

image.png.8d77ef050768666e371c7259f5197017.png

 

 

 

 

 

 

 

 

 

 

 

 

Any tips or ideas are greatly appreciated!

Thanks,

Kel

 

Edited by Kelvin
Formatting

Share this post


Link to post
Share on other sites

That is unfortunate, thank you for the information! I have used bollinger bands before but I never got it to line up well with my strategy. Maybe I will give it another try.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.