Abbreviation: PriceLow ExpAvg Diff
Category: Advanced Price Basic
Input Parameters:
| Name | Range | Default |
| Low Price | Low | |
| Price Periods | Int >= 1 | 5 |
| ExpAvg1 Periods | Int >= 1 | 5 |
| ExpAvg2 Periods | Int >= 1 | 10 |
Calculation:
ExpAvg(X, ExpAvg1 Periods) – ExpAvg(X, ExpAvg2 Periods)
where
X = PriceLow(Low Price, Price Periods)
PriceLow represents Price Low
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to quantify movements in the Price Low indicator by calculating the difference between two moving averages. Since it uses exponential moving averages (which give more importance to the most recent periods than to less recent periods), the indicator tends to focus more upon movement occurring in the most recent periods.