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Percent difference between price and MA

Percent difference between price and MA
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//  Copyright by HPotter v1.0 04/04/2015
// Percent difference between price and MA
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study(title="Percent difference between price and MA")
Length = input(14, minval=1)
xSMA = sma(close, Length)
nRes = abs(close - xSMA) * 100 / close
plot(nRes, color=blue, title="PD MA")
elp
2 years ago
Absolutely perfect! This shows the extremes better than I thought! TY for another great indicator!
snapshot
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elp
2 years ago
Here's an example of the eurusd. Looking left of the chart, when it's trading 5% under or more from it's 20 period MA. The eurusd has a trend change and rallies.
snapshot
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TASAVANT
2 years ago
NIce one thanks!
Reply
HPotter PRO TASAVANT
2 years ago
You are welcome
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TASAVANT
2 years ago
Can you code Percent difference between price and VWAP? The big boys love to be counter party when price is deviated + or - >4% from the VWAP..
+3 Reply
HPotter PRO TASAVANT
2 years ago
I will try
Reply
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