Calculation
The formula for this indicator is quite simple:
Copy(close - MA)/MA
The MA value is subtracted from the close in order to determine the difference between the two values. The difference is divided by the MA value in order to convert the raw value to a percentage.
Note: Our formula above is not specific about the type of moving average. This indicator can be charted with either a simple or exponential moving average (SMA or EMA).

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