Distance from Moving Averages

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Distance from Moving Averages

Postby brmacy » Thu Oct 16, 2014 10:27 pm

Hey everybody.

I am trying to get an indicator that will display the distance of price from a selected moving average.

If the price is 100.00 and the 20 day moving average is at 98.00 then the indicator line would have a reading of 2.00. I would be like an oscillator. Just a line in a pane under the chart showing the changes in the distance of price and the moving average.

I searched for something like this, but could not find anything. I hope I didn't overlook it.

Any help would be great. Thanks
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