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Indicator for distance above a moving average?
Right now (12/04/2017) there are several major indices that are very far above their 200-day moving averages. Historically, when this happens a correction takes place. I cannot find anything, but are there any tools I can use to identify on a chart the times through history that the $SPX was a great distance above its 200-day MA?
I am thinking of something similar to ROC, that I can map on a chart to show the number of times that an index moved more than 10% in 10 day days, for example. Perhaps a combination of existing indicators?
Thank you in advance for giving this some thought.