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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » Ask for PCF of an indicator

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xfan
Posted : Thursday, May 17, 2012 6:31:47 PM
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Joined: 11/3/2004
Posts: 2

Could anyone help me write a PCF that indicates the distance between the current price and the 20 bar moving average line? I hope that this indicator works on diferent time frames. Thanks

Xp
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StockGuy
Posted : Thursday, May 17, 2012 9:58:02 PM

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Joined: 9/30/2004
Posts: 9,187

ABS(C-AVGC20) if  you want the value in dollars.

ABS(C-AVGC20) / AVGC20 * 100 if you want it as a percentage.

If you want to know if it's above or below the moving average, just remove the ABS from the formula.
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