PROTECTED SOURCE SCRIPT
52 Week High & Low Distance
Shows the percentage distance of price from its 52-week high and 52-week low for quick strength and weakness analysis.
52 Week High & Low Distance Indicator
The 52 Week High & Low Distance Indicator measures the percentage distance of the current price from its 52-week high and 52-week low.
It provides a quick visual reference to evaluate long-term strength, weakness, and trend positioning.
🔹 Key Features
Percentage distance from 52-week low
Percentage distance from 52-week high
Easy comparison across different stocks and instruments
Works on stocks, indices, crypto, and forex
🔹 How to Interpret
Price near 52-week high → Strong momentum
Price near 52-week low → Weakness or potential accumulation
Negative value from high → Price trading below the 52-week high
🔹 Ideal For
Trend following
Breakout and momentum strategies
Long-term investing
Market screening and relative strength analysis
🔹 Timeframe Note
The calculation is based on the current chart timeframe.
On daily charts, 52 periods represent approximately one trading year.
⚠️ Disclaimer:
This indicator is for educational and informational purposes only.
It does not provide financial advice or buy/sell signals.
Always use proper risk management and confirm with other analysis tools.
52 Week High & Low Distance Indicator
The 52 Week High & Low Distance Indicator measures the percentage distance of the current price from its 52-week high and 52-week low.
It provides a quick visual reference to evaluate long-term strength, weakness, and trend positioning.
🔹 Key Features
Percentage distance from 52-week low
Percentage distance from 52-week high
Easy comparison across different stocks and instruments
Works on stocks, indices, crypto, and forex
🔹 How to Interpret
Price near 52-week high → Strong momentum
Price near 52-week low → Weakness or potential accumulation
Negative value from high → Price trading below the 52-week high
🔹 Ideal For
Trend following
Breakout and momentum strategies
Long-term investing
Market screening and relative strength analysis
🔹 Timeframe Note
The calculation is based on the current chart timeframe.
On daily charts, 52 periods represent approximately one trading year.
⚠️ Disclaimer:
This indicator is for educational and informational purposes only.
It does not provide financial advice or buy/sell signals.
Always use proper risk management and confirm with other analysis tools.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
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 protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
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.