On screen calculator

• 05/17/2025 at 1:55 PM #247231
  segie

  Hi,

  Will it possible to do an indicator that calculates the difference in price between two moving averages, example a 20  and 50? To be displayed on a chart.

  Regards,

  Segie

  

  segie

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  05/17/2025 at 2:58 PM #247235
  JC_Bywan

  Hi,

  Something like that, with a pixel position from top right corner (hence the negative Xpixel and Ypixel values, customisable as long as they remain negative to indicate going leftward and downward from top right corner).With another use of drawtext, it would also be possible to just keep display on a given barindex rather than a pixel position if preferred.

   

  defparam drawonlastbaronly=true // Choose pixel fixed position from top right corner with negative X and Y values Xpixel= -100 Ypixel= -50 ma20= Average[20](close) ma50= Average[50](close) diff= ma20-ma50 DRAWTEXT("MA20-MA50= #diff#", Xpixel, Ypixel) anchor(topright, Xshift, Yshift) return

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  defparam drawonlastbaronly=true   // Choose pixel fixed position from top right corner with negative X and Y values Xpixel= -100 Ypixel= -50   ma20= Average[20](close) ma50= Average[50](close) diff= ma20-ma50   DRAWTEXT("MA20-MA50= #diff#", Xpixel, Ypixel) anchor(topright, Xshift, Yshift)   return

   

   

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  Iván, segie

  

  JC_Bywan

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  05/17/2025 at 7:00 PM #247245
  segie

  Works well. Thank you very much

  

  segie

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  05/17/2025 at 7:13 PM #247246
  segie

  Can you also help to display the difference as a percentage below the calculation?

  e.g. MA20=2  and MA50= 8

  The difference = -6

  (-6/2) X 100 = 300%

  Regards,

  Segie

   

   

  

  segie

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  05/18/2025 at 7:33 AM #247254
  JS

  Hi,

  The current calculation is the absolute difference between the two averages:

  AbsDiff = (MA20 – MA50)

  If you want to calculate the relative difference in percentages:

  RelDiff = (MA20 – MA50) / MA50 * 100
  Or alternatively written as:
  RelDiff = (MA20 / MA50 – 1) * 100

  Abs/Rel Difference

  defparam drawonlastbaronly=true // Choose pixel fixed position from top right corner with negative X and Y values Xpixel= -100 Ypixel= -50 ma20= Average[20](close) ma50= Average[50](close) diff= ma20-ma50 DiffPct=(ma20-ma50)/ma50*100 DRAWTEXT("Abs. Difference=#diff#", Xpixel, Ypixel) anchor(topright, Xshift, Yshift) DRAWTEXT("Relat. Difference=#diffpct#%", Xpixel, Ypixel-20) anchor(topright, Xshift, Yshift) return ma20 as "Fast" coloured("red"), ma50 as "Slow" coloured("green")

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  defparam drawonlastbaronly=true   // Choose pixel fixed position from top right corner with negative X and Y values Xpixel= -100 Ypixel= -50   ma20= Average[20](close) ma50= Average[50](close) diff= ma20-ma50 DiffPct=(ma20-ma50)/ma50*100   DRAWTEXT("Abs. Difference=#diff#", Xpixel, Ypixel) anchor(topright, Xshift, Yshift) DRAWTEXT("Relat. Difference=#diffpct#%", Xpixel, Ypixel-20) anchor(topright, Xshift, Yshift)   return ma20 as "Fast" coloured("red"), ma50 as "Slow" coloured("green")

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  JS

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  05/18/2025 at 10:01 AM #247262
  segie

  Looks good. Thank you

  1 user thanked author for this post.

  JS

  

  segie

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