Moving Average Periodical DivergenceUses the difference between two PMA (Moving Average Periodical) indicators to create an oscillator.
Useful for visualizing daily/weekly cycles, strength and potential momentum. The defaults are 2 days (fast) and 5 days (slow).
PMA
Moving Average PeriodicalPMA derives the length of its rendered SMA from the number of periods (example: 5 days) and the length of the period (example: 390 minutes)
The result is an indicator that should be the same across different time-frames of the same type. Allowing for the simple calculation and generation of a Daily Moving Average like the 5 Day SMA (the default for minute based time-frames).
