Display % distance from EMA200 on top of each candle

universeisgr8

New member
Want to know the price difference of current candle and the EMA200. For example if current closing price of candle is 5% above EMA200, it should display 5% on top of the candle. It would even be better to display two values, one for EMA200 and one for EMA 50, and should work on all time frames. And if it can display this value in real time not just after the close, that would be ideal.
Thanks so much.
 
Solution
sure. For clarification, ema50 is black/dark_red and the distance to it is black/dark_red. If ema50 is moving down, it is dark_red, if the value of the distance the ema is moving lower, it is dark_red. ema200 is in blue / dark_orange. distance to ema50 appears above the candle, distance to ema200 appears below. You will need to space your candles pretty far apart to get any sort of readable numbers out of this.

-mashume

Code:
declare upper;

plot ema50 = ExpAverage(length = 50, data = CLOSE);
plot ema200 = ExpAverage(length = 200, data = CLOSE);

ema50.AssignValueColor(if Ema50 >= Ema50[1] then color.black else color.dark_red);
ema200.AssignValueColor(if Ema200 >= Ema200[1] then color.blue else color.dark_orange);

plot distanceToEma50...
sure. For clarification, ema50 is black/dark_red and the distance to it is black/dark_red. If ema50 is moving down, it is dark_red, if the value of the distance the ema is moving lower, it is dark_red. ema200 is in blue / dark_orange. distance to ema50 appears above the candle, distance to ema200 appears below. You will need to space your candles pretty far apart to get any sort of readable numbers out of this.

-mashume

Code:
declare upper;

plot ema50 = ExpAverage(length = 50, data = CLOSE);
plot ema200 = ExpAverage(length = 200, data = CLOSE);

ema50.AssignValueColor(if Ema50 >= Ema50[1] then color.black else color.dark_red);
ema200.AssignValueColor(if Ema200 >= Ema200[1] then color.blue else color.dark_orange);

plot distanceToEma50 = ((close - ema50) / ema50) * 100;
plot distanceToEma200 = ((close - ema200) / ema200) * 100;


distanceToEma50.SetPaintingStrategy(paintingStrategy.VALUES_ABOVE);
distanceToEma50.AssignValueColor(if distanceToEma50 >= distanceToEma50[1] then color.black else color.dark_red);
distanceToEma200.SetPaintingStrategy(paintingStrategy.VALUES_BELOW);
distanceToEma200.AssignValueColor(if distanceToEma200 >= distanceToEma200[1] then color.blue else color.dark_orange);

2hF2tNG.png
 
Last edited:
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
330 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top