The Relative Charts indicator plots a return to the average value based on the values of the moving average, which allows you to filter out the changing values of fiat currencies.

• Get an overview of the market based on average values
• Easily find real overbought/oversold conditions
• Isolate your attention from the changing value of fiat currencies
• The middle line is a moving average
• Customizable schedule period and settings for Bollinger Bands

This indicator is particularly useful when trading assets denominated in fiat currencies, such as commodities, stocks, or stock indexes, as the value of these currencies changes over time, making long-term technical analysis unreliable.

• Chart Period – the period of the moving average used in the calculations. The recommended values are 50 (short-term), 100 (medium-term) , or 200 (long-term).
• MA Period – the period of the Bollinger Bands indicator.
• Deviations – deviation coefficient for the Bollinger Bands indicator.

Arturo Lopez Perez, private equity investor, stock speculator, programmer, and founder of Point Zero Trading Solutions.