Percent Away From MA

Period 1 : 5

Period 2 : 5

In the Percent Away From MA indicator, two lines are plotted below the chart.

1 – Green line is Percent Away From MA

2 – The red line is the average line

As a percentage, this indicator shows how far the price is from the moving average line.

When this indicator is rising, it indicates a bullish trend. It shows strong bullish trends when it is above its moving average.

The indicator shows a strong bearish trend when it is below its average line and falling.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.