OPEN-SOURCE SCRIPT
Price vs Moving Average Difference
1. Price – MA distance (points)
Shows how many dollars/pips price is above/below the MA.
2. Price – MA distance (%)
Shows the percentage deviation.
Both lines update historically so you can analyze stretch/mean reversion over time.
Shows how many dollars/pips price is above/below the MA.
2. Price – MA distance (%)
Shows the percentage deviation.
Both lines update historically so you can analyze stretch/mean reversion over time.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.