YFX Advanced EMA

The Advanced EMA indicator implements an exponential moving average with many additional features. First, EMA is color-coded to indicate distance between the price and EMA. This Advanced EMA has many features and configurations that set it far above standard EMA indicators used most platforms.

There are 3 types of indications in the indicator. The EMA is color-coded. Secondly, cross points of price and EMA are marked. Thirdly, BUY/SELL signals are shown.‌ Color-coding the EMA allows you to easily determine the distance between price and EMA. This marks the significance of the current price action. Levels of significance are measured by level:

• Weak
• Medium
• Strong

Each level is measured on the up or down side. ‌The second indication is the marking of cross points between price and EMA.‌ The third indication is to indicate a change in price direction.

‌Parameters

Yancy Indicator Parameters

• Indicator Name – Indicator name that is displayed in the chart data window
• Indicator Offset – Change offset to force calculations to be made based on previous bars
• only Load Visible Data – If true, then indicator will only perform calculations for data visible on the chart

EMA Parameters

• Enable EMA Module – Other YFX indicators can use data in the Advanced EMA indicator
• EMA Periods – The default number of periods to use when calculating the EMA
• EMA Price Series – Choose which price to use for EMA calculations

EMA Range Parameters

• Weak Range Points – Smallest measurable distance between the price and EMA is called a Weak Range. Distance is specified in number of points. The value can be changed but should be lower than the medium and strong ranges
• Medium Range Points – Next measurable distance level above Weak Range is the Medium Range. Value should be greater than the Weak Range value but lower than the Strong Range value
• Strong Range Points – Largest measurable distance between the price and EMA is called a Strong Range. Value should be greater than both Weak and Medium Range values

EMA Display Parameters

• Display EMA Line – The actual display of the EMA can be configured. Changing the value to ‘false’ will disable the EMA display
• Display Trade Signals – Setting the value to ‘true’ will cause signals to be displayed
• Display Cross Markers – Setting the parameter to ‘true’ will cause the markers to be shown

Color Parameters

• Neutral Color – EMA is displayed in this color
• Up Weak Range Color– Display Weak Range in this color for uptrend EMA
• Up Medium Range Color– Display Medium Range in this color for uptrend EMA
• Up Strong Range Color– Display Strong Range in this color for uptrend EMA
• Down Weak Range Color– Display Weak Range in this color for downtrend EMA
• Down Medium Range Color– Display Medium Range in this color for downtrend EMA
• Down Strong Range Color– Display Strong Range in this color for downtrend EMA
• BUY Trade Signal Color – Display BUY signals in this color
• SELL Trade Signal Color – Display SELL signals in this color
• Cross Marker Color – Display crosses in this color

Size Parameters

• EMA Line Width – Primary EMA line width
• Trade Signal Marker Width – Signals line width
• Cross Marker Width – Cross mark line width

alert Parameters

• alert Trade Signals – alerts can be generated for new BUY/SELL signals
• alert Crosses – alerts can be generated when the price crosses the EMA
• alert Weak Range – alerts can be generated when the indicator enters the Weak Range
• alert Medium Range – alerts can generated when the indicator enters the Medium Range
• alert Strong Range – alerts can generated when the indicator enters the Strong Range

Message Parameters

• Show Comments – Messages can be displayed in comment section
• Show alerts – Messages can be displayed in alert popup window
• Send Email – Messages can be emailed to users
• Send Push Notifications – Messages can be pushed to user’s mobile phone application
• Print to Journal – Messages can be written to terminal’s journal
• Print to Output File – Messages can be written to external file
• Name of Output File – File name of message file

Quiet Time Parameters

• Enable Quiet Time – Quiet time process can be enabled or disable.
• Quiet Time Start (local time zone) – Start time of quiet period
• Quiet Time End (local time zone) – End time of period

Debug Parameters

• Enable Debugging Mode – Debugging can be enabled
• Level of Debug Information to Log – The amount of debugging information
• Use Date Names for Log Files – Code the debug file name with th date