The Mean Distance Indicator
The distance indicator is a market regime technique that measures the relative distance between the market price and the moving average. To calculate the indicator we can follow these steps:
Calculate the difference between the market price and the current moving average value.
Calculate the RSI on the differenced values.
The distance indicator is a market regime technique that measures the relative distance between the market price and the moving average. To calculate the indicator we can follow these steps:
Calculate the difference between the market price and the current moving average value.
Calculate the RSI on the differenced values.