OPEN-SOURCE SCRIPT

Distance From Moving Average

21 768
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

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