Extent Oscillator: Price Deviation from a Configurable Moving Average
Summary
Extent is described as a histogram showing the difference between a selected price and a moving average. Its configuration includes the moving-average period and type, the price used to calculate the average, and the price used for comparison. The listed average choices range from simple and exponential forms to volume-weighted, median, Hull, least-squares, and other variants.
The document explains the indicator’s inputs but does not state specific trading signals, thresholds, or a method for interpreting histogram changes. It provides no empirical results or risk guidance, so the description alone does not establish whether any moving-average choice is useful for a given market or horizon. The indicator is best understood here as a configurable visualization of price deviation, with its practical value requiring separate testing and interpretation.
Key ideas
- Extent plots the difference between a comparison price and a chosen moving average as a histogram.
- Its inputs include the averaging period, average type, calculation price, and comparison price.
- The available average types include simple, exponential, volume-weighted, and several specialized methods.
- The document supplies no signal rules or performance evidence for the indicator.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.