Indicator to measure distance from a mean?

IntelligentValue · October 2016

Hi All,

I wonder if there is an indicator that acts as an oscillator showing the distance from a moving average. I am aware of most oscillators, but most show the current price relative to the range of prior prices for a particular period. I am looking for an oscillator that might show the distance from the 50-day moving average, 200-day moving average, etc., as part of a possible mean-reversion strategy. Thanks.

Chris

markd · October 2016

%B Indicator doesn't do exactly what you are thinking of, but you might find it interesting:

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_band_perce

petero1298 · March 2017

Hi IntelligentValue
I'm an occasional visitor here. Just saw your question.

Have you tried (example) PPO(1,50,1)?
This will give you the distance (price as a percentage) from the 50 period exponential moving average.

Cheers ... Peter

Indicator to measure distance from a mean?

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