OPEN-SOURCE SCRIPT
MA Over Price
This is a simple moving average divided by price. MA can be adjusted for any period and length. This is very helpful in identifying when an asset has overextended and when it is oversold. I couldn't find anything like this in all my searches so apologies if this already exists.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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