nanningbob wrote:I tried to set this up showing the 2ma open on the monthly but couldnt get it to work right. Can anyone update this histogram to show the distance of price from the 2MA open on the monthly and you can see it on any chart.
I think I can see what you are trying to do, so maybe this will go some way to help. I've hacked a multi timeframe moving average to determine the start of the month - Moving Averages_onTF - place that on your chart to see where price opens each month (or week etc.). NB it assumes a minimum period of 2 for SMA, so to get the exact open use EMA with a period of 1. You can play with other ma methods and timeframes.
The other indicator attached - PeriodOpenHistogram - incorporates the above in your indicator to determine the price distance of any other timeframe price from the longer term open. NB this is only a hack and could be tidied up properly.
PS I would like to include my thanks for your enormous contribution.
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