ema/dema_cum_std

This indicator measures distance between moving averages by first calculating the variance of a group of moving averages the converting to standard deviation by taking the square root of the variance and then normalized by dividing by price (close) and multiplying by 100 ( percent). Here are the groups
Group 1 :11,13, 18, 21
Group 2: 11, 13, 18, 21, 29, 34
Group 3: 11, 13, 18, 21, 29, 34, 47, 55
Group 4: 11, 13, 18, 21, 29, 34, 47, 55, 76, 89
Group 5: 11, 13, 18, 21, 29, 34, 47, 55, 76, 89, 123, 144
Group 6: 11, 13, 18, 21, 29, 34, 47, 55, 76, 89, 123, 144, 199, 233
Group 7: 11, 13, 18, 21, 29, 34, 47, 55, 76, 89, 123, 144, 199, 233, 322, 377
Group 8: 11, 13, 18, 21, 29, 34, 47, 55, 76, 89, 123, 144, 199, 233, 322, 377, 521, 610

Great for showing compression and expansion levels and showing divergences. I try to only use Groups 1-4 or Groups 1-5
Shows when moving average groups squeeze below the set level you set using plot shape function. Shape colors are color coordinated to match moving average dispersion plots
Uses DEMA and EMA