Hello Again. Here are the calculation of the difference between two Wilders Moving Averages expressed in Metastock. For to put it into the Indicator Builder of Metastock make the following: Open the Indicator Builder. Choose New Named the new Indicator: Example: 2024 08-12-2024 1150 5000 Inside the Formula write: IF(WILDERS(C, 1150) >= WILDERS(C, 5000), WILDERS(C, 1150)-WILDERS(C, 5000), WILDERS(C, 5000)-WILDERS(C, 1150)); MOV(IF(WILDERS(C, 1150) >= WILDERS(C, 5000), WILDERS(C, 1150)-WILDERS(C, 5000), WILDERS(C, 5000)-WILDERS(C, 1150)), 25, E); Push the Button OK You create it! Named the new Indicator: Example: 2024 08-12-2024 1150 5000 – Copy Inside the Formula write: IF(if( wilders(c, 1150) >= wilders(c, 5000), wilders(c, 1150)-wilders(c, 5000), wilders(c, 5000)-wilders(c, 1150)) >= 2.5 AND CROSS(mov(if( wilders(c, 1150) >= wilders(c, 5000), wilders(c, 1150)-wilders(c, 5000), wilders(c, 5000)-wilders(c, 1150)), 275, e), if( wilders(c, 1150) >= wilders(c, 5000), wilders(c, 1150)-wilders(c, 5000), wilders(c, 5000)-wilders(c, 1150))), C, 0); Push the Button OK You create it! Now you can put them into a Chart. Of course you can test these Indicators and you can choose your own Wilders Moving Averages Values. Now, do not forget to tell you that Metastock can help someone to create their own Indicators using the help of their Team. For the People that does not use Metastock possibly can help some Programmers for to create the above Indicators into their Software. I try to put and the Indicators here, that create for me Scott Bunny but this is not possible in the moment. Missing possibly an external formula(s) (?) DLL if i say it well. I have to use these Indicators for a long time period. I am very Sorry for that. Kind Regards, George Kanellopoulos.
These indicators help to determine the trend and are dynamic support and resistance levels. But when the market is in a range or flat, this indicator can give many false signals.