The track price in MarketSmith can be used to view a stock’s price in relation to various moving averages. The downside is that the information is not displayed directly on the chart, you must right click for each symbol to view the stats.
I’ve written thinkscript that will display the distance above or below either the 21-day exponential moving average or the 10-week simple moving average. If you are viewing a daily chart you’ll see the former, when on a weekly chart, the latter.
I’ve also added information that indicates the price for a specific percentage below the moving average. The percent below can be configured using the Inputs and Options dialog in thinkorswim.Continue reading