Hi

I have a request for a very simple indicator called Premium-Discount (PD) which is a 1-line formula. Can someone kindly code and help. The simple formula is:

PD = (Close-VWAP)/VWAP

Thanks

otftrader 

Hi I have a request for a very simple indicator called Premium-Discount (PD) which is a 1-line formula. Can someone kindly code and help. The simple formula is: PD = (Close-VWAP)/VWAP Thanks

This can be done without programming using two native arithmetic studies:
Use the Study Subgraphs Subtract/Difference study to do the (Close-VWAP)
Then use the Study Subgraphs Divide/Ratio study.