Description
The Moving Average Two Lines study plots two moving averages of the same type but with different lengths. Any of the following types can be used: simple, exponential, weighted, Wilder's, or Hull.
The short-term average going above the long-term average is a signal to buy, while the opposite situation is a signal to sell.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used to calculate the moving averages. |
fast length
|
The number of bars used to calculate the fast moving average. |
slow length
|
The number of bars used to calculate the slow moving average. |
displace
|
The displacement of the moving averages, in bars. Positive values signify displacement to the past. |
average type
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
fastAvg
|
The fast moving average. |
slowAvg
|
The slow moving average. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.