PROTECTED SOURCE SCRIPT
Distance from 200 EMA (HUD)
What it does:
A minimal, on-chart heads-up display that shows the real-time percentage distance between price and the 200-period EMA on your current timeframe. No lower pane, no clutter—just a small box in the top-right with “Distance from 200 EMA” and the live % value.
Why it’s useful:
Quickly quantify trend and extension: positive values = price above the 200 EMA; negative values = below.
Spot overextension and potential mean-reversion zones without measuring by hand.
Keep the chart clean while maintaining constant awareness of how stretched price is from the long-term mean.
How it works
The indicator calculates (Close − EMA(200)) / EMA(200) × 100 on whatever timeframe your chart is set to, then displays that percentage as a compact table overlay. It updates in real time as price and timeframe change.
Typical use cases
Trend filter: trade with the primary bias (above = long bias, below = short bias).
Extremes & pullbacks: define your own “extreme” thresholds (e.g., ±X%) to allow counter-trend fades or to anticipate pullbacks toward the EMA.
Multi-timeframe alignment: flip between H1/H4/D1 and instantly see extension on each timeframe.
Settings
EMA Length (default 200)
Decimals (rounding)
Color by sign (optional green/red background)
Notes
Works on any market and timeframe supported by TradingView.
The value is percentage distance, not pips or ticks.
Pair it with your price-action tools (swing highs/lows, liquidity levels) and volume/OI reads for higher-quality decisions.
Risk reminder
This is an information tool, not a signal generator. Manage risk strictly (I risk ≤1% per trade by default).
If you find this helpful:
❤️ Boost the script
⭐ Follow my profile for more tools
💬 Comment with feedback or feature ideas
🔗 Considering TradingView? Use my referral link tradingview.com/pricing/?share_your_love=Trading_Soldier to support the work—thank you!
A minimal, on-chart heads-up display that shows the real-time percentage distance between price and the 200-period EMA on your current timeframe. No lower pane, no clutter—just a small box in the top-right with “Distance from 200 EMA” and the live % value.
Why it’s useful:
Quickly quantify trend and extension: positive values = price above the 200 EMA; negative values = below.
Spot overextension and potential mean-reversion zones without measuring by hand.
Keep the chart clean while maintaining constant awareness of how stretched price is from the long-term mean.
How it works
The indicator calculates (Close − EMA(200)) / EMA(200) × 100 on whatever timeframe your chart is set to, then displays that percentage as a compact table overlay. It updates in real time as price and timeframe change.
Typical use cases
Trend filter: trade with the primary bias (above = long bias, below = short bias).
Extremes & pullbacks: define your own “extreme” thresholds (e.g., ±X%) to allow counter-trend fades or to anticipate pullbacks toward the EMA.
Multi-timeframe alignment: flip between H1/H4/D1 and instantly see extension on each timeframe.
Settings
EMA Length (default 200)
Decimals (rounding)
Color by sign (optional green/red background)
Notes
Works on any market and timeframe supported by TradingView.
The value is percentage distance, not pips or ticks.
Pair it with your price-action tools (swing highs/lows, liquidity levels) and volume/OI reads for higher-quality decisions.
Risk reminder
This is an information tool, not a signal generator. Manage risk strictly (I risk ≤1% per trade by default).
If you find this helpful:
❤️ Boost the script
⭐ Follow my profile for more tools
💬 Comment with feedback or feature ideas
🔗 Considering TradingView? Use my referral link tradingview.com/pricing/?share_your_love=Trading_Soldier to support the work—thank you!
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.