Price Evaluator (PE)

[Trader_Joe]

As shown in the enclosed picture of TRO's Slot Machine, he has inserted four moving averages which showns the current trend of each. I believe that this is an excellent tool that clearly shows us the trend of each security being reviewed.

However, as a trader, I have learned that the location of price (close) in relationship to each moving average, can provide you with a "heads-up" because price leads the moving averages. So if even all or most moving averages are trending up (as shown by green in the SM Trend columns), price may have rolled over and is starting to head down.

I believe that it would be very helpful if four additional columns were added to clearly show if the current close is above, at, or below each of the four averages, ie. 5, 10, 20 and 40.

For example: if the current price on the 1 minute GOOG chart is above the 5 minute moving average, the new (5) PE cell would be shown as green; if the current price on the 1 minute GOOG charts is at/near the 5 minute moving average, the new (5) PE cell would be shown as yellow; and if the current price on the 1 minute GOOG chart is below the 5 minute moving average, the new (5) PE cell would be shown as red.

The same logic would apply to the 10, 20, and 40 columns. Also refinements including +, -, and = could also be used for these 4 new columns.

This additional information, presented like the above SM TREND columns, would quickly tell us, by color displayed, what is going on as to price in relationship to each moving average.

I do not that this this current price information in relationship to trend is currently in TRO's Slot Machine?

Any thoughts of comments? Is TRO or someone else interested in trying to program this?

Thanks, Joe

[TheRumpledOne]

LOL... That info is already there!

Look inside the code for the documentation.

If the close is above the ema, then the color is green. Red = below.

The + means ema is heading up and - means ema is heading down.

Simple!

[Trader_Joe]

TRO,

Now I clearly understand why everyone says that you are "brilliant", and I agree!

Looking forward to your next bells and whistles.

Regards, Joe