% Above/Below SMA — Indicator by 4X4good

A simple script that calculates the percent above or below a moving average.

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.

Want to use this script on a chart?

//@version=2
study("% Above/Below SMA")

//inputs
len=input(defval=200)

//vars
c=close
sma200=sma(close,len)
diff=((c-sma200)/c)*100

// horizontal linenp
hline(0)
//color the line
colr=diff  >0 ?  white : black
//plot
plot(diff,color=colr,linewidth=2,style=histogram)