In my opinion, the method described by Sator has a right for the further continuation.
Thank you for reading this post, don't forget to subscribe!The MUV% indicator calculates the current position between the maximum and minimum within the KPeriod period using the calling of the MUV.
At that, there is a possibility to use both the difference between the current and the previous value of the MUV and its value itself.
Parameters:
- MAPeriod = 14; the period of the MUV indicator;
- MUV KPeriod = 14; the period of calculation of the minimum and maximum;
- ShowDif = true; show the indicator by the difference;
- ShowMUV = true; show the indicator by the value;
The MUV_Diff indicator is just the difference of the MUV values.
Parameters:
MAPeriod = 14; the period of the MUV indicator;
SMA and EMA are used in both indicators.
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