[isatrader]

Thanks, Isatrader.
The indicator now looks like the below. Is the MA supposed to look that rigid? It just seems like a straight line angled upwards.

Yes, on a daily chart it will look quite rigid as it's a 200 day moving average, and so if the stock has been outperforming for a long time, like the one you've got in your screen shot then it will be rising.

You're also using a very wide daily chart in that example. So I'd suggest putting your daily chart next to your weekly chart and linking the charts using the link icon at the bottom left of the chart window, and then setting up the weekly relative performance as well with the 52 week setting on the MA. As then each time you change stock both charts will change to the next stock at the same time.

See attached my basic chart setup with the weekly and daily side by side