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Ratio To Average - The Quant Science

Ratio To Average - The Quant Science is a quantitative indicator that calculates the percentage ratio of the market price in relation to a reference average. The indicator allows the calculation of the ratio using four different types of averages: SMA, EMA, WMA, and HMA. The ratio is represented by a series of histograms that highlight periods when the ratio is positive (in green) and periods when the ratio is negative (in red).

https://www.tradingview.com/x/2frlVNR0/

What is the Ratio to Average?
The Ratio to Average is a measure that tracks the price movements with one of its averages, calculating how much the price is above or below its own average, in percentage terms.
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USER INTERFACE

Lenght: it adjusts the number of bars to include in the calculation of the average.
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Moving Average: it allows you to choose the type of average to use.
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Color Up/Color Down: it allows you to choose the color of the indicator for positive and negative ratios.
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