Distance From Moving Average

7 jun 2022

This indicator shows the distance between the current price and the Moving Average price.

Key Features:

• Show the distance between price and Moving Average (Read Distance Calculation for more information)
  
• Show Historic Highs and Lows
  
• Show Highest High and Lowest Low
  
• Show current Highest High, current Lowest Low and current distance
  

Key Indicator Settings:
1. Distance Calculation
There are two ways to calculate the distance:

• Spread - Calculate the difference between the price and the moving average
  
• Percentage - Calculate the percentage change between the price and the moving average
  

2. Moving Average Types
There are 5 different Moving Averages:

• EMA
  
• SMA
  
• WMA
  
• VWMA
  
• HMA
  

3. Highest High and Lowest Low
You can show or hide the Highest High and the Lowest Low plots of the series

4. Historic Highs and Lows

• You can show or hide past Highs and Lows of the series
  
• Lookback Length - Let's you adjust the frequency of local highs and lows of the series
  

5. Current Values
You can show or hide current value labels