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Indicator to show percent difference between 2 moving averages Rate this Topic:
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cwdtrader
Posted : Saturday, February 6, 2016 11:12:41 PM
Registered User
Joined: 2/5/2013
Posts: 8

Is it possible to write an indicator that will show the percent difference between two different moving averages? For example if I wanted to know how much the Moving average close for 5 days was below the moving average close for 20 days; but instead of showing it as thenumber value the percent value.

Let us sar the 20 day moving average is 100 and the 5 day moving is 97  the number difference 5 day moving average would be about .0309278% below the 20 day moving average. If I could put that in a column, then I could sort the column an see which stocks were the greatest percent difference above or below the other average.

I know how to manually do it but  have the program would be a great time saver, if it is possible to do that.

 

THANK YOU

 

cwdtrader
Posted : Monday, February 8, 2016 1:06:20 AM
Registered User
Joined: 2/5/2013
Posts: 8

On the above post thank you, but I have already figured out how to write the indicator and make the sort .

Again THANKS

 

 

Bruce_L
Posted : Monday, February 8, 2016 10:48:47 AM


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Joined: 10/7/2004
Posts: 65,138

I'm not sure what technique you eventually used, but probably the easiest way to do this is to add a Price Percent Oscillator (PPO) indicator to the chart.



-Bruce
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