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Moving Average Touch Points
This tool allows you to know at what price a security will touch its moving average today or tomorrow. This may sound simple, but today's action will influence the final value of the average itself, causing it to 'move' during the live session. This is problematic for people trying to use an average to place orders - especially with shorter-term averages. This tool shows the exact point mathematically where the price will equal its average on the current bar and the next bar. This allows you to plan precisely during a live trading session or in the evening for tomorrow's trading session.
The tool works on all time frames for people seeking to use it on intraday or weekly charts.
Acknowledgment
Thank you to JohnMuchow for coding my formulas.
The tool works on all time frames for people seeking to use it on intraday or weekly charts.
Acknowledgment
Thank you to JohnMuchow for coding my formulas.
Get access to CarusoInsights indicators: carusoinsights.com/charting/
Disclaimer
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