MT4 indicator that calculates the distance of the price from a moving average

[kevinforex]

Hi everyone.

I am looking for an indicator for MT4 that calculates the maximum past distance of the price from a given EMA. In practice the indicator has to calculate how much distance it was in pips once the price is above the EMA and moves away forming the high. To know the value of the absolute maximum, wait for the price to fall touching the EMA. I attach an image to help you understand better (I hope!).

 

[Enivid]

So, that's like a maximum excursion of price from its moving average between the crosses? That's interesting. I don't think I ever saw an indicator like that. There might be issues finding the way to display the distances optimally. In theory, there could be a number to display on every bar (on extremely whipsawing markets), so some means of placement the text label object should be found for this to be readable.

 

[kevinforex]

Yes exactly.