I was wondering if someone could help.
For arguments sake I'm plotting a 10 period MA on a 60 Min chart. The line of the MA follows the bottom/low prices of candlestick bars when the trend is up and the top/high prices of candlestick bars when the trend is down. Is there anyway or is there an indicator that plots a MA where the opposite is true i.e when the trend is up the MA is above prices and below when the trend is down?
I've tried plotting the MA against High/Low/Close/Open and adding a displacement but the MA line always appears the same just slightly different due the values used to calculate the MA and I've also tried bollinger bands but that isn't quite what i'm looking for.
Any ideas?
Regards
Rye
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