MA Difference displays the difference between two moving averages as a graph. If the first moving average is above the second the value will be positive, otherwise the value will be negative. The user may change the inputs (close), methods (SMA), shift amounts and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using MA Difference
No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>General>MA Difference
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//input = price, user defined, default is close
//method = moving average (ma), user defined, default is SMA
//period1 = user defined, default is 10
//shift1 = user defined, default is 0
//input2 = price, user defined, default is close
//method2 = moving average (ma), user defined, default is SMA
//period2 = user defined, default is 5
//shift2 = user defined, default is 0
//index = current bar number
MA1 = ma(method, index+shift1, period1, input); MA2 = ma(method2, index+shift2, period2, input2); PlotHist: diff = MA1 - MA2;