This indicator was inspired on the Sofien Kaabar's Moving Average Contrarian Indicator - MACI. It is actually a (K,1,1) stochastic indicator built on top of the distance from the price to, what a I call, a Base Moving Average.
What I have found insteresting is that, instead of only paying attention to 0% and 100% moments, I put two K stochastic lines together and...