i can create that indicator for tradingview, but what i dont understand is how should it be jailed within 0-1 scale, if the X/Y (where x is 50d avg and Y is 50w avg) could be more than 1 ...
lets say, 50 day avg of stock price is now at 74, but 50 week avg is at 32.
the division will be more than 1.0