Hi!
It s possible make this indicator in this way:
Disparity Index = ((Close - MA )/ MA *100)*100
for see a bigger range. I think it's better...
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And its possible make a quantitative version?
X * natural logarithm (Disparity Index1/Disparity IndexN)
Where;
Disparity Index = ((Close - MA )/ MA *100)*100
X= a variable>0 , a positive number
Disparity Index1= the current valor of Disparity Index
Disparity IndexN = Disparity Index of N candelstick ago ( example the previous 5 or 60)
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I think it's a good indicator.
Thanks!!!
Mattia