Wilson-IV

Distance from the ATH price

This indicator shows us the distance (in %) between the current price and the ATH price.
The closer the price is to the ATH the higher the percentage.
100% means we reached the ATH price.

HOW TO USE:
No special input necessary.

Markets:
It can be used to all markets.

NOTE:
Some Exchanges don't go very far back in the past and for this reason this may have impact on this Indicator.
Release Notes: Distance to the ATH price added.
Option to choose between show distance from the ATH and to the ATH price.
Release Notes: Layuout updated
Release Notes: Bug fixed
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Thanks
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@Jittra, You are welcome.
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