This is a simple moving average difference indicator that plots percentile difference between the price (close) and the simple moving average for a given period. You can setup your target corridor for the indicator similar to RSI and use this data to make better calls on your positions. Default values for this indicator make more sense for crypto trading, so if you are trading Forex or other markets you might want to change the values to something more sensible.
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.