Your comments

Yes, it is. I tested every option available 
I remember doing the same thing in 0.36 and it worked well. This shader was created with 1.02
I didn't know about that option. It worked using it, thanks.
When will .37 be available?
Humm... I really need this feature. I need a water plane that writes depth. Any other workaround for this?
Would be possible to keep both options? I have worked years and years with the old UDK, so... :) I feel more comfortable with the right 2 left style
You have to plug the time node in the distance input