MA Howfar, as its name indicates, measures how far the market is from a moving average you specify. The "howfar" information is expressed in ticks (easy to read) and plotted as a bar graph in a separate panel for you to easily visualize. Positive howfar means the market is above the moving average, and negative howfar means the market is below the moving average. Additionally, MA Howfar adds 2 ATR-based thresholds: the upper is for positive howfar and the lower is for negative howfar. When the howfar number meets the upper threshold, the trend switches to uptrend; when the howfar number meets the lower threshold, the trend switches to downtrend.
A wonderful feature of this indicator is trend slowdown detection, based on the number of bars for slowdown scan you define. Its default is 3, which means: if there are 3 consecutive positive decreasing bars, the uptrend experiences a slowdown; if there are 3 consecutive negative decreasing bars, the downtrend experiences a slowdown. Slowdowns are marked with dot symbols (⬤⬤).
Key features:
- Plot the difference between the market and a moving average
- Allow defining the moving average (with
)
- Allow smoothing the moving average with any of
- Allow smoothing "howfar" with any of 10 smoothing methods
- Allow specifying the number of bars for slowdown scan
- Add an upper threshold for filtering positive howfar and a lower threshold for filtering negative howfar, both of which are ATR-based
- Colorize the plot in 4 different colors: positive increase, positive decrease, negative increase, negative decrease
- Paint background to clearly show uptrend vs downtrend
- Colorize bars based on 2 phases: uptrend, downtrend
- Trigger alerts on trend shift
- Trigger alerts on trend slowdown
- Print markers on trend shift
- Print markers on trend slowdown
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State: 2 = positive increase, -2 = negative increase, 1 = positive decrease, -1 = negative decrease, 0 = zero
- Signal_Trend: 1 = uptrend, -1 = downtrend
- Signal_Slowdown: 1 = downtrend slowdown, -1 = uptrend slowdown, 0 = no slowdown
- 26 Aug 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, bar painting, chart info, property naming/positioning/grouping); regular ATR was replaced with ninZaATR for better performance; alert popup was visually enhanced.
- 23 Jul 2019 - Sound selector was fixed.
- 16 May 2019 - The indicator was released (built new).
![[System] Zephyrus Force](https://nizaco-media.nyc3.digitaloceanspaces.com/catalog/product/cache/8ff38408075023c595809570dc58e4db/z/e/zephyrus_force_avatar.png){kind=avatar}
![[Auto System] I’m T-REX](https://nizaco-media.nyc3.digitaloceanspaces.com/catalog/product/cache/8ff38408075023c595809570dc58e4db/u/n/untitled_design_2.png)
![[System] ThunderZilla](https://nizaco-media.nyc3.digitaloceanspaces.com/catalog/product/cache/8ff38408075023c595809570dc58e4db/t/h/thunderzlilla.png)
