OPEN-SOURCE SCRIPT
Distance From 200-day moving average
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean
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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