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MrVinceFox

Price Bubble Meter (Moving Average to Price Distance)

MrVinceFox Updated   
forecasting Moving Averages Trend Analysis
50
0
forecasting movingaverage trendanalysis
This indicator measures Price Distance (in %) from any given Moving Average.
It will help you see if the price is over extended or in the fair price zone.

Trend Analysis
  • How much % higher is the current price compared to 200W SMA
  • What % has been the maximum price rise from 200W SMA
  • What % has been the lowest price fall from 200W SMA

DCA Opportunity Finder
  • How much % higher is the current price compared to 2 year SMA
  • What % has been the maximum price rise from 2 year SMA
  • What % has been the lowest price fall from 2 year SMA

Yes you can manually measure it all using a ruler, but aint no one got time for that foo.
Release Notes:
Switching to 2 year on weekly timeframe
Release Notes:
Change the logic to capture Lows and Highs
Release Notes:
added display for historic min and max bubble levels
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.

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.

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