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Displacing the moving average to the right introduces more lag, and displacing it to the left aids in cycle analysis. 50 put option-say in late spring-is.

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First parameter is the reference cell (in our case H2 itself), second is an expression calculating the first row of the range based on the value of length parameter maoe, 3rd parameter is the column offset to the Close column (-4), negative value represents offset to the left while positive is offset to the right of the reference cell, and the last function parameter with value 1 represents the width of the range returned by OFFSET function, which in our case is just one column: D (CLOSE).

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