In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 04/04/2015 // Percent difference between price and MA //////////////////////////////////////////////////////////// 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")
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