►Proximity is a true range multiplied by the number of your choice
►It is designed to be used as a one-use alert. If you enable it to give you one alert per bar close, it is possible to limit the spam by number of periods for which price must be outta proximity range
►Calculations T3, , for true range channel
►EMA and for moving average
I circled the areas where I find the reaction somewhat interesting. Although, I think there are more areas when alert would be useful in the chart.
Have a great trade!
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.