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Hi ... I wanted to create an indicator that measures the distance between the price and a moving average, in a percentage.Ninjatrader 8
Could someone help.
Thank you...
Can you help answer these questions from other members on NexusFi?
Edit the MACD and save it under a different name. Then set the fast period of the MACD to 1. It now displays the distance between price and the slow EMA.
To display this distance as a percentage, divide it be the bar close and multiply it with 100.
In case that you wish to use another moving average, just replace the EMA with something else.
