Price percent amount above the moving average

[Paul]

I need help with a script that would create a chart indicator showing the percent price (close) is above or below the moving average (e.g., 200 day simple moving average)

Thanks,

Paul

[Matthew]

Hi Paul,

The following script will display the value (in %) the close price of a chart is from a 200SMA:

//Set Variables V1 = MA(BARS=200) ; V2 = CLOSE(); //Formula for % from MA 100 * (V2-V1)/V1

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//Set Variables V1 = MA(BARS=200) ; V2 = CLOSE(); //Formula for % from MA 100 * (V2-V1)/V1

This is how the script would look on a Show View (below the chart):

[Paul]

Thanks, Matthew – just what I needed.  Much appreciated – Paul

[Darren]

Sample workbook attached for US and ASX data. Remember you can save the Watchlist columns as a layout and apply them to any other watchlist.

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