chemmist

Price Normalised Moving Average Convergence Divergence

Price EMA's difference is Divided by Slower EMA thus making price values irrelevant and giving EMA's difference in relative (proportional) terms

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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