OPEN-SOURCE SCRIPT
Deviation from Mid MA5 & MA10 (%)
Title:
Deviation from Mid-Price MA5 & MA10 (%)
Description:
This script calculates and displays the percentage deviation of the current mid-price from its 5-day and 10-day simple moving averages.
The mid-price is defined as the average of the open and close prices: (Open + Close) / 2
Instead of relying on traditional close-based MAs, this version uses mid-price to better reflect actual price flow by incorporating both the opening and closing values.
Main features:
Displays % deviation from both 5-day and 10-day mid-price moving averages
Better alignment with intraday reality due to gap-sensitive mid-price base
Smooths out erratic closing spikes for clearer signals
Helps identify overextended moves and potential pullback zones
Included lines:
Deviation from 5-day Mid MA
Deviation from 10-day Mid MA
Zero baseline for reference
Recommended for:
Traders seeking a cleaner measure of price deviation
Short-term pullback or re-entry strategy users
Anyone analyzing steady, low-volatility uptrends
Deviation from Mid-Price MA5 & MA10 (%)
Description:
This script calculates and displays the percentage deviation of the current mid-price from its 5-day and 10-day simple moving averages.
The mid-price is defined as the average of the open and close prices: (Open + Close) / 2
Instead of relying on traditional close-based MAs, this version uses mid-price to better reflect actual price flow by incorporating both the opening and closing values.
Main features:
Displays % deviation from both 5-day and 10-day mid-price moving averages
Better alignment with intraday reality due to gap-sensitive mid-price base
Smooths out erratic closing spikes for clearer signals
Helps identify overextended moves and potential pullback zones
Included lines:
Deviation from 5-day Mid MA
Deviation from 10-day Mid MA
Zero baseline for reference
Recommended for:
Traders seeking a cleaner measure of price deviation
Short-term pullback or re-entry strategy users
Anyone analyzing steady, low-volatility uptrends
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.