OPEN-SOURCE SCRIPT
Sigma Distance From Moving Average
This is an indicator I've wanted to build for a while. The advent of AI and vibe coding circa 2026 made it feasible.
This is an iteration of the previous indicator I shared - % distance from moving average - which, as explained in the self-described title, displays the % distance an asset's current price sits above or below whatever moving average you enter on whatever timeframe you choose.
This new version expresses this distance as a z score rather than a %. The high level is we're going one level deeper - knowing how far an asset's current price is from its moving average is interesting, but what's more interesting is knowing how often this asset reaches this level above/below its moving average. Some assets are volatile, others less so. For something that moves a lot, being 15-20% above its 50 day moving average isn't all that rare. For something that doesn't move a lot, that might be a once in a ten thousand occurrence - we want to be able to quantify this. That's what this one does.
Enjoy!
This is an iteration of the previous indicator I shared - % distance from moving average - which, as explained in the self-described title, displays the % distance an asset's current price sits above or below whatever moving average you enter on whatever timeframe you choose.
This new version expresses this distance as a z score rather than a %. The high level is we're going one level deeper - knowing how far an asset's current price is from its moving average is interesting, but what's more interesting is knowing how often this asset reaches this level above/below its moving average. Some assets are volatile, others less so. For something that moves a lot, being 15-20% above its 50 day moving average isn't all that rare. For something that doesn't move a lot, that might be a once in a ten thousand occurrence - we want to be able to quantify this. That's what this one does.
Enjoy!
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。