PROTECTED SOURCE SCRIPT
Aggiornato

EMA Distance / ATR

34
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.
Note di rilascio
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.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.