Distance
The Distance indicator in G-Suite is tailored to measure the spatial variation between two selected input sources. This versatile tool allows traders to compare various inputs, offering insights into the relative changes and identifying significant patterns in market behavior.
Settings
- Name
Source: Source 1- Type
- input
- Description
The first input source for the Distance indicator, adaptable to various types of data inputs.
Default value:close
- Name
Source: Source 2- Type
- input
- Description
The second input source for the Distance indicator, used for comparative analysis with Input 1.
Default value:close
- Name
Distance Index: MA Type- Type
- SMA | EMA
- Description
The type of Moving Average applied to the inputs in the Distance indicator.
Default value:EMA
- Name
Distance Index: MA Length- Type
- integer
- Description
The number of periods used for calculating the Moving Average.
Default value:3
- Name
Distance Index: Smoothing- Type
- integer
- Description
The smoothing factor applied to the inputs in the Distance indicator.
Default value:2
- Name
Display: Upper Level- Type
- integer
- Description
The upper threshold level for analysis in the Distance indicator.
Default value:100
- Name
Display: Lower Level- Type
- integer
- Description
The lower threshold level for analysis in the Distance indicator.
Default value:100