This distance is printed as an output with a green value.
You can configure the value of the (default is 20).
The purpose of this indicator, is to indicate when the distance between High and is greater than a value. This indicate a possible overbought.
You can select "UseClose" to use the Close value instead of the High and Low value of the Candle.
You can enable "PrintDistance" to view the value of the positive and negative distance.
The "S" is not a signal to buy or to sell. It only represents a distance between a value of the candle and the EMA.
This indicator does not generate recommendations to buy or to sell.
Trading Algoritmico / Algorithmic Trading