This indicator was created by Fábio Figueiredo (VLAD)
The idea is to show the distance in percentage that the asset is of the SMA of the price, so it is possible to know if the price is very stretched or not
I also added the SMA of "distance of SMA" as extra information.
Release Notes
nothing relevant, just changed the default SMA
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.