Distance to 200 Moving Average

Distance from the last closing price to the 200 period moving average, measured in percentage. It indicates the price relative location to its long term average. Prices above the long term moving average are bullish signals, and prices below the long term moving average are bearish signals.

A- When price is over the long term Moving Average, price is quoting above the long term average, that is equivalent to price strength.

B- Price under the long term moving average, is a bearish symptom. It is performing worse as the 200 period average