OPEN-SOURCE SCRIPT
Distance (Percentage) From 200-day moving average
Almost the same indicator as Distance From 200ma, but values indicate the distance in a percentage of the 200ma value
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.