Hmmm ... normalized distance from a moving average? How about the EMA distance for, say, GE stock? Interesting, eh?
It's here: http://www.gummy-stuff.org/EMA-deviation.xls Try it ! [color=777777]No guarantees on the spreadsheet. It was written on-the-fly and may or may not work fer y'all.[/color]
P.S. Intrigued by the original post on this thread [color=777777](and loving them thar coloured things)[/color], I got me a fun spreadsheet, described here. It's great entertainment ... try it
Concept of measuring price deviation around MA is typically the concept of CCI indicator. A full study about this topic in Mark Helweg's book, Dynamic trading indicators Hani
Distance from moving average? Isn't that the "indicator" that Steve Nison talks about in one of his books? I think it was called the disparity index and was supposedley used a lot by the Japenese. United