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EMA Distance / ATR

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This indicator measures the distance between a very short‑term HL2 EMA and the slower 20‑period high/low EMAs, normalizing short‑term price deviations into an easy‑to‑read oscillator:

Blue line: shows HL2 EMA’s absolute deviation above the 20‑period high EMA (overbought) or below the 20‑period low EMA (oversold)

Gray zero line: separates positive from negative deviations

Green/red threshold lines (±0.1): highlight extreme divergence levels

Load it in a separate pane to instantly gauge breakout strength, overextended moves or consolidation boundaries across any OHLC‑based market.
發行說明
This indicator measures the distance between a very short‑term HL2 EMA and the slower 20‑period high/low EMAs, normalizing short‑term price deviations into an easy‑to‑read oscillator:

Blue line: shows HL2 EMA’s absolute deviation above the 20‑period high EMA (overbought) or below the 20‑period low EMA (oversold)

Gray zero line: separates positive from negative deviations

Green/red threshold lines (±0.3): highlight extreme divergence levels

Load it in a separate pane to instantly gauge breakout strength, overextended moves or consolidation boundaries across any OHLC‑based market.

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