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Distance % from sma
This indicator measures the percentage distance between the current price and its Simple Moving Average (SMA). It displays how far price has deviated above or below the moving average, expressed as a percentage.
Default setting is a 36-period SMA, though this can be adjusted. The zero line (red) represents when price equals the SMA. Positive values indicate price is above the average, while negative values show price is below.
The step line visualization makes it easy to identify overbought/oversold conditions and potential mean reversion opportunities. When the distance percentage reaches extreme levels, it often signals that price may be due for a pullback toward the mean.
Useful for identifying:
- Overbought/oversold conditions
- Mean reversion setups
- Trend strength measurement
- Entry/exit timing based on deviation from average
Default setting is a 36-period SMA, though this can be adjusted. The zero line (red) represents when price equals the SMA. Positive values indicate price is above the average, while negative values show price is below.
The step line visualization makes it easy to identify overbought/oversold conditions and potential mean reversion opportunities. When the distance percentage reaches extreme levels, it often signals that price may be due for a pullback toward the mean.
Useful for identifying:
- Overbought/oversold conditions
- Mean reversion setups
- Trend strength measurement
- Entry/exit timing based on deviation from average
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。