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Moving Average x Close Difference Currency Strength Dashboard

Compare closing-price distance from a moving average across MT4 forex pairs and timeframes. Choose the MA method and display pips or percentage of ADR.

What the values mean

Each value is the close minus a moving average of closing prices on that symbol and timeframe. Positive means above the average; negative means below it. The dashboard displays the distance in pips or as a percentage of average daily range (ADR), not as a percentage of the moving-average price.

Settings and interpretation

The default MA Period is 37 and the default method is Smoothed (SMMA). The method can be Simple, Exponential, Smoothed or Linear Weighted. Different methods weight recent prices differently. Use Show % ADR instead distance in PIPs to select initial units and set the timeframes to compare.

A distance of 10 pips with an ADR of 100 pips is 10% ADR. Distance indicates where price is relative to a lagging average; it does not establish that price must return to the average. ADR mode requires daily history, and current-bar values remain changeable.

Main features

  • Signed close-to-MA distance across symbols and timeframes.
  • Configurable MA period and averaging method.
  • Pip and ADR-relative display modes.
  • Currency/symbol views with recent-value strips.
Version
24.062
Released
2024-03-20
Platform
MT4
Price
Free

Download

Download ZIP

t4w_maclose_csdash_ea.zip Version 24.062 (2024-03-20) · free, no account needed.
The ZIP contains the .ex4 file for MetaTrader 4, screenshots and installation instructions. New here? Read the installation guide first.

Screenshots

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