This indicator shows the relation of price against different period ma's.
When put in daily Timeframe it gives the 1400 Day (= 200 Weekly) and the 200 ,100 an 50 Daily.
The lines show the 200,100 and 50 ma in relation to the 1400 ma.
PS. I build these scripts for my personal use but publish them open source, as I believe the best...
MESA Phase (By John Ehlers) is a cyclic indicator that predicts market short-term and mid-term movements. It would give you clear divergence signals or you can use it as a price reversal detection indicator.
Please share us any tricks or new useful methods that you determined by using this indicator.
This study is an experiment designed to identify market phases using changes in an approximate Hurst Exponent.
The exponent in this script is approximated using a simplified Rescaled Range method.
First, deviations are calculated for the specified period, then the specified period divided by 2, 4, 8, and 16.
Next, sums are taken of the deviations of each period,...