OPEN-SOURCE SCRIPT
G Dinero 200DMA Stretch Meter
G Dinero 200DMA Stretch Meter
The G Dinero 200DMA Stretch Meter measures how far an asset’s current price is trading above or below its long-term trend using a percentage distance from the selected moving average (default: 200-day moving average).
Instead of simply asking “Is price above or below the 200 DMA?”, this indicator answers:
“By how much?”
### How it Works
The indicator calculates:
(Price − Moving Average) ÷ Moving Average × 100
This creates a percentage-based oscillator showing how stretched an asset is relative to its long-term trend.
Examples:
### Features
✔ Histogram visualization for fast trend/stretched-condition analysis
✔ Optional signal line smoothing to help identify momentum shifts
✔ Custom stretch zones (+/-10%, +/-20%, +/-30% by default)
✔ Extreme overextension background shading
✔ SMA or EMA support
✔ Alert conditions for:
### How I Use It
This indicator is designed to help identify:
Works especially well on high-volatility assets, momentum stocks, indexes, and crypto.
Pro Tip: Every asset behaves differently. Spend time learning what “normal stretch” looks like for the symbols you trade.
The G Dinero 200DMA Stretch Meter measures how far an asset’s current price is trading above or below its long-term trend using a percentage distance from the selected moving average (default: 200-day moving average).
Instead of simply asking “Is price above or below the 200 DMA?”, this indicator answers:
“By how much?”
### How it Works
The indicator calculates:
(Price − Moving Average) ÷ Moving Average × 100
This creates a percentage-based oscillator showing how stretched an asset is relative to its long-term trend.
Examples:
- +20% = price is trading 20% above the moving average
- −15% = price is trading 15% below the moving average
- 0% = price is sitting directly on the moving average
### Features
✔ Histogram visualization for fast trend/stretched-condition analysis
✔ Optional signal line smoothing to help identify momentum shifts
✔ Custom stretch zones (+/-10%, +/-20%, +/-30% by default)
✔ Extreme overextension background shading
✔ SMA or EMA support
✔ Alert conditions for:
- Crossing above/below the moving average
- Extreme stretch levels
- Signal line crossovers
### How I Use It
This indicator is designed to help identify:
- Overextended moves that may be due for mean reversion
- Fear/exhaustion zones after sharp selloffs
- Momentum continuation during strong trending environments
- Better entries/exits by understanding how historically stretched an asset is
Works especially well on high-volatility assets, momentum stocks, indexes, and crypto.
Pro Tip: Every asset behaves differently. Spend time learning what “normal stretch” looks like for the symbols you trade.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.