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Indicator - Difference between Close & 10Day Moving Average Rate this Topic:
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kamran
Posted : Friday, November 10, 2006 3:18:32 PM
Registered User
Joined: 12/31/2004
Posts: 14
I am trying to set up an indicator which would give the % value of price above a certain Moving Average. e.g. Lets say Closing Price is $105 and 10 Day Moving Average is at 100. I am trying to set up an indicator which would tell me that closing price is 5% [(105-100)/100] above 10 day MA.

Could you please help? Thank you
Bruce_L
Posted : Friday, November 10, 2006 4:08:43 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Please try the following:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because Smoothing Average is 1).
- Indicator Formula: 100 * C / AVGC10 - 100

You may wish to review the following:

Plotting Custom Indicators with Examples

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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