Summary:
Calculate the distance of the price to a moving average. Also be able to identify if the average distance is decreasing or increasing based on signal line.
Details
Length: The moving average length to measure against.
Source: The price input source use to measure the distance from.
Signal Length: The average of distance between Source and MA.
If the average is increasing the color of the signal line will be green and if it is decreasing then it will be red.
Calculate the distance of the price to a moving average. Also be able to identify if the average distance is decreasing or increasing based on signal line.
Details
Length: The moving average length to measure against.
Source: The price input source use to measure the distance from.
Signal Length: The average of distance between Source and MA.
If the average is increasing the color of the signal line will be green and if it is decreasing then it will be red.
Versionsinformation:
The indicator now has the ability to show distance and signal as a percentage from the moving average.
Quadrant top left shows distance and signal line from the MA in terms of dollar amount.
Quadrant top left shows distance and signal line from the MA in terms of percentage.
Quadrant bottom left shows distance from MA in terms of dollar amount and signal line from the MA in terms of percentage. This is perhaps the most important measure of strength and also can be an indicator for overbought or oversold levels.
Quadrant bottom right shows distance from MA in terms of percentage and signal line from the MA in terms of dollar amount.
Quadrant top left shows distance and signal line from the MA in terms of dollar amount.
Quadrant top left shows distance and signal line from the MA in terms of percentage.
Quadrant bottom left shows distance from MA in terms of dollar amount and signal line from the MA in terms of percentage. This is perhaps the most important measure of strength and also can be an indicator for overbought or oversold levels.
Quadrant bottom right shows distance from MA in terms of percentage and signal line from the MA in terms of dollar amount.