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Based on the position of the security close price compared to its moving average (MA), this technical analysis indicator returns a value comprised between one and three.
A value of one indicates that the current close price is trading 5% lower than its simple moving average.
A value of three indicates that the current close price is trading 5% higher than its moving average.
A value of two indicates that the current close price is trading in between.
The 5% number can be changed by specifying a different value in the second argument of the moving average states indicator. The first argument (Period) is used to calculate the moving average.
For example, by using 10 as a threshold parameter to this function, you will instruct it to return 1 if price is 10% lower than the moving average, 3 if the price is 10 higher than the moving average and 2 if the price is in between.
a = MAState(300, 10);
plo(a, "");
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
