VoMa

Variation of Moving Averages indicator is calculated as the difference between different periods of moving averages. Obtained result filtered by another MA.

• It displays more precise signals of divergences between prices and the value of the indicator.
• It emphasizes price extremums more precisely, it moves faster.

There are three inputs

• FastMA: Default is 13, shows MA period.
• SlowMA: Default is 21, shows MA period.
• SignalMA: Default is 8, shows MA period.

It basically detects the trend, advised timeframe is M30 or higher.