OPEN-SOURCE SCRIPT
Price % Distance from 52 Weeks High, and EMAs
"Stop guessing how far extended the price is—measure it instantly."
As a swing trader, knowing the exact distance between the current price and your key moving averages is critical. It tells you if a stock is overextended (too far) or offering a low-risk pullback entry (near 0%).
This lightweight utility script calculates the real-time percentage distance of the closing price from three critical levels:
10 EMA (Short-term momentum)
20 EMA (Swing trend baseline)
52-Week High (Major structural resistance)
It displays this data in a single, clean Smart Label attached to the latest candle, keeping your chart clutter-free.
Key Features
📊 Instant Calculation: See exactly how far (%) the price is from the 10 EMA, 20 EMA, and 52-Week High without using a measuring tool.
🧠 Intelligent Trend Coloring: The text color changes dynamically based on the immediate trend:
🟢 Green Text: Price is ABOVE both 10 & 20 EMAs (Bullish / Buy-the-dip zone).
🔴 Red Text: Price is BELOW both 10 & 20 EMAs (Bearish / Caution).
⚪ White Text: Price is mixed/choppy (between the EMAs).
👁️ High Contrast Design: Uses a semi-transparent dark background that ensures the data is clearly visible on both Light and Dark mode charts.
How to Use for Swing Trading
Pullback Entries: In a strong uptrend (Green Text), watch for the 10 EMA or 20 EMA % value to drop near 0.0% to 0.5%. This indicates a pullback to the average—often a high-probability entry point.
Overextension Warning: If the % distance becomes unusually large (e.g., Price is +5% above the 10 EMA), the move may be overextended, signaling to tighten stops or take profit.
52-Week Breakouts: Monitor the 52W % distance. As it approaches 0.0%, the stock is challenging its yearly high, alerting you to potential breakout plays.
Settings
EMA Lengths: Fully customizable (Default: 10 & 20).
Lookback: Adjust the high lookback period (Default: 260 bars for 52 Weeks).
Position: Toggle the label to appear Above or Below the candle.
As a swing trader, knowing the exact distance between the current price and your key moving averages is critical. It tells you if a stock is overextended (too far) or offering a low-risk pullback entry (near 0%).
This lightweight utility script calculates the real-time percentage distance of the closing price from three critical levels:
10 EMA (Short-term momentum)
20 EMA (Swing trend baseline)
52-Week High (Major structural resistance)
It displays this data in a single, clean Smart Label attached to the latest candle, keeping your chart clutter-free.
Key Features
📊 Instant Calculation: See exactly how far (%) the price is from the 10 EMA, 20 EMA, and 52-Week High without using a measuring tool.
🧠 Intelligent Trend Coloring: The text color changes dynamically based on the immediate trend:
🟢 Green Text: Price is ABOVE both 10 & 20 EMAs (Bullish / Buy-the-dip zone).
🔴 Red Text: Price is BELOW both 10 & 20 EMAs (Bearish / Caution).
⚪ White Text: Price is mixed/choppy (between the EMAs).
👁️ High Contrast Design: Uses a semi-transparent dark background that ensures the data is clearly visible on both Light and Dark mode charts.
How to Use for Swing Trading
Pullback Entries: In a strong uptrend (Green Text), watch for the 10 EMA or 20 EMA % value to drop near 0.0% to 0.5%. This indicates a pullback to the average—often a high-probability entry point.
Overextension Warning: If the % distance becomes unusually large (e.g., Price is +5% above the 10 EMA), the move may be overextended, signaling to tighten stops or take profit.
52-Week Breakouts: Monitor the 52W % distance. As it approaches 0.0%, the stock is challenging its yearly high, alerting you to potential breakout plays.
Settings
EMA Lengths: Fully customizable (Default: 10 & 20).
Lookback: Adjust the high lookback period (Default: 260 bars for 52 Weeks).
Position: Toggle the label to appear Above or Below the candle.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.