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I would like a counter which counts 4 markets – it will run off the 1 minute time frame and will count the number of points each market is above / below the 50 EMA.
Each time the price touches the respective 50 EMA the counter will show zero, and will then proceed to count the number of points the price moves up or down away from the 50 EMA, as measured from the last point of touch.
Above the 1M 50 EMA = positive / below the 1M 50 EMA = negative.
Market Value colours: Zero = White
Positive 01-19 = Cadet Blue
Negative 01-19 = Dark Orange
Positive 20 + = Lime
Negative 20 - = Magenta
The read-out should look something like this:
Please see attachment for full and further details.
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