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This indicator tells you whether a stock is trading above or below its short-term, medium-term and long-term moving averages. It does so by printing, for example, "Below MA10" if the selected stock is trading below its 10-bar moving average (The calculation is based on the last trading bar only). It prints "Above MA10" if the selected stock is trading above its 10-bar moving average.
By simply selecting a chart and a stock symbol, you can quickly determine its short-term and long-term direction.
This function allows you to select the periods for the different moving averages.
Example:
a = ABma(10, 50, 250); // Analyze the 10-bar, 50-bar and 250-bar moving average
Note that this indicator returns an empty vector. Its main role is to plot moving average observations using the "Chart.PrintChart" function.
Example of result:
Below MA10 (Colored in Red - Bearish)
Above MA50 (Colored in Green - Bullish)
Above MA250 (Colored in Green)
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.