Electrified

Moving Average Periodical Divergence

Uses the difference between two PMA (Moving Average Periodical) indicators to create an oscillator.

Useful for visualizing daily/weekly cycles, strength and potential momentum. The defaults are 2 days (fast) and 5 days (slow).
Release Notes: Change-list:

  • Now allows for targeting varying moving average types. Now SMA, WMA, and EMA are options and can be compared against each other. The fast MA can be EMA and the slow can be WMA.
  • Floats are now used for values to allow for more fine tuning.
Release Notes: Corrected screenshot.
Release Notes: Allow for using the fast MA as the source for the slow.
Facilitates MACD style behavior.
Release Notes: Updated chart example.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

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