INVITE-ONLY SCRIPT

PipsToEMA200Stats

953
Test Script:
Creator: Andrew Palladino
Date: 5/9/2017
Description:
Plots distance in pips to 200 EMA .
Displays thresholds for vertical pip distance to 200 EMA calculated from 10 years worth of historical data.
Currently only working ONLY with EURUSD 0.11% and AUDNZD 0.03% m15 time frames.
Will expand to all other pairs and time frames.

Current thresholds are set to:
90th percentile (green line)
95th percentile (yellow line)
99th percentile (orange line)
100th percentile (black line)

The oscillator measures vertical pip distance to 200 EMA . (BLACK LINE)

The trader has the ability to turn on/off the 4 thresholds in input properties.

The indicator background will turn green when pip distance is above green threshold and below yellow threshold.
The indicator background will turn yellow when pip distance is above yellow threshold and below red threshold.
The indicator background will turn red when pip distance is above red threshold

THIS INDICATOR IS IN TEST MODE.

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