Equidistant 2nd Moving Average

[gerris]

I'd like to know, how to draw a parallel
moving average line to a moving average line.

How do I create such a parallel moving average ?
How do I write the formula into the eSignal chart program ?
The below formula is from MetaStock, what's the syntax for the formula, which works in the eSignal chart program ?

I mean:

for example:

I draw a 500 Mov.Avg. in a 5 minute chart, Close Prices
and weighted.

Now I want to draw a parallel Mov.Avg. to the 500 Mov.Avg.,
which has always the same distance of 0.1 percent to the
original 500 Mov.Avg.

Formula (MetaStock)
mov(500,C,W)+0.001*mov(500,C,W)

C....Close Prices
W....Weighted

Please look at the attached screenshot.

Thanks.

[gerris]

In the envelope settings I miss the weighted option. I also don't know how to create the formula within the customMA formula window, cause there's no option for percent and weighted.

[maxmax68]

Hi gerris,
you can do it easily with the Wizard this way:

- create a new price study
- create two data plots (named MA and ParaMA)
- edit a study used like MAStudy(10, 0, "Close", MAStudy.WEIGHTED) in variable vWMA10
- in data plot MA edit vWMA10.getValue(MAStudy.MA)
- in data plot ParaMA edit (vWMA10.getValue(MAStudy.MA)+0.001*vWMA10.getValue (MAStudy.MA))
The trick is don't miss first and last roud brackets.
If helps you can use ctrl+c to copy and ctrl+v to paste
- now check EFS syntax and save.
Your new Formula Wizard is ready for your Chart.
Hope this helps.
Massimo

//{{EFSWizard_Description
//
// This formula was generated by the Alert Wizard
//
//}}EFSWizard_Description


//{{EFSWizard_Declarations
var vWMA10 = new MAStudy(10, 0, "Close", MAStudy.WEIGHTED);
var vLastAlert = -1;
//}}EFSWizard_Declarations


function preMain() {
/**
* This function is called only once, before any of the bars are loaded.
* Place any study or EFS configuration commands here.
*/
//{{EFSWizard_PreMain
setPriceStudy(true);
setStudyTitle("MAplusParallelMA");
setCursorLabelName("MA", 0);
setCursorLabelName("ParaMA", 1);
setDefaultBarStyle(PS_SOLID, 0);
setDefaultBarStyle(PS_SOLID, 1);
setDefaultBarFgColor(Color.blue, 0);
setDefaultBarFgColor(Color.red, 1);
setDefaultBarThickness(1, 0);
setDefaultBarThickness(1, 1);
setPlotType(PLOTTYPE_LINE, 0);
setPlotType(PLOTTYPE_LINE, 1);
//}}EFSWizard_PreMain

}

function main() {
/**
* The main() function is called once per bar on all previous bars, once per
* each incoming completed bar, and if you don't have 'setComputeOnClose(true)'
* in your preMain(), it is also called on every tick.
*/

//{{EFSWizard_Expressions
//{{EFSWizard_Expression_1
//}}EFSWizard_Expression_1

//}}EFSWizard_Expressions


//{{EFSWizard_Return
return new Array(
vWMA10.getValue(MAStudy.MA),
(vWMA10.getValue(MAStudy.MA)+0.001*vWMA10.getValue (MAStudy.MA))
);
//}}EFSWizard_Return

}

function postMain() {
/**
* The postMain() function is called only once, when the EFS is no longer used for
* the current symbol (ie, symbol change, chart closing, or application shutdown).
*/
}

//{{EFSWizard_Actions
//{{EFSWizard_Action_1
function onAction1() {
vLastAlert = 1;
}
//}}EFSWizard_Action_1

//}}EFSWizard_Actions