Great indicator. Great job! Very insightful of you to put this together. I am using this to measure price distance from the mean. (Mean = average price over a period of time.) It allows me to see when price within a trend is overextended, thus allowing me to exit the trade at the top of the current bump within a trend. In other words with the help of this indicator I can now measure trends within trends much better. A suggestion that would complete this indicator for me would be to have the indicator add and average the five previous high positive and low negative percentages (or spreads) to give an average point of overextension. Right now I am doing this with a calculator. (I am no programmer!)
The (all time) highest highs and lowest low figures are usually so far out of range as to be useless. I am glad you created a switch to turn those off. I can’t believe, and don’t understand why this indicator wasn’t an EP. Maybe there is another way to get this data that I don’t know about yet. Thanks again!
FABIEN88
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Hello and thank you for this wonderful indicator; very helpful when trading pullbacks to the 10 or 20MA. Would it be possible to chose between 2 different colors depending on the stock price (distance) being below or above the MAs (vs currently only one color)? This would further enhance the indicator by adding visual / color context when reviewing charts. Many thanks in case this can be added!
itriad
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Thank you very much.... great tool
agiaccag48957
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Great job. thank you
Venkatesh19
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Thanks for your great indicator, I am using this indicator for day trading , If possible can you add Probalic Sar indicator, Since which is more faster and accurate than Moving average as per my opinion.
faithfxtrader
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would it be possible to add an alert:( when the percentage is lower than the previous percentage but the price is higher than the previous one?) (and when the percentage is higher than the previous percentage but the price is lower.) for exemple ( percentage previous = 0,70% price 10$ current percentage 0,40% price 15$) (2- previous percentage -0,50% price 7$,,, current percentage -0,20 and price 4$)
faithfxtrader
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hello friend congratulations on the indicator, really sensational, I have a thesis regarding the distance of the price with the moving average, I would suggest, for the improvement of the indicator if, it would be possible to calculate from one wave to another, accumulated percentage, for example imagine that the price falls to -0.42% and then make a correction, do not reach positive % and continue falling and now fall further -0.48% that is we have accumulated -0.90%, then we will see a reversal in fact,
OutsourcE
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Is there a simplified version of it to use within a strategy framework? What I'd need is to set take profit levels based on the concept.
PVIII
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Hi mate, is it possible for you to add styling for the label backgrounds? Great indicator btw
Minosd777
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thank you, I was looking for something like this; what I am also looking for is an indicator that calculates the distance between 2 moving averages.
The (all time) highest highs and lowest low figures are usually so far out of range as to be useless. I am glad you created a switch to turn those off. I can’t believe, and don’t understand why this indicator wasn’t an EP. Maybe there is another way to get this data that I don’t know about yet. Thanks again!