This indicator was created by Fábio Figueiredo (VLAD)
The idea is to show the distance in percentage that the asset is of the SMA of the price, so it is possible to know if the price is very stretched or not
I also added the SMA of "distance of SMA" as extra information.
This indicator is very good, but I would like to share my opinion: The indicator Could assume negative values so everybody could see suports and resistences of the indicator when value is higher then 0 and negative suports when negative, assuming that the indicador has a standard deviation of the SMA, 'cause like this is not clear if is a suport or resistence. What you think?
rafadias
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Excelente! É possível pintar o candle mais esticado?