PROTECTED SOURCE SCRIPT
52 Week High & Low Distance
Shows the percentage distance of price from its 52-week high and 52-week low for quick strength and weakness analysis.
52 Week High & Low Distance Indicator
The 52 Week High & Low Distance Indicator measures the percentage distance of the current price from its 52-week high and 52-week low.
It provides a quick visual reference to evaluate long-term strength, weakness, and trend positioning.
🔹 Key Features
Percentage distance from 52-week low
Percentage distance from 52-week high
Easy comparison across different stocks and instruments
Works on stocks, indices, crypto, and forex
🔹 How to Interpret
Price near 52-week high → Strong momentum
Price near 52-week low → Weakness or potential accumulation
Negative value from high → Price trading below the 52-week high
🔹 Ideal For
Trend following
Breakout and momentum strategies
Long-term investing
Market screening and relative strength analysis
🔹 Timeframe Note
The calculation is based on the current chart timeframe.
On daily charts, 52 periods represent approximately one trading year.
⚠️ Disclaimer:
This indicator is for educational and informational purposes only.
It does not provide financial advice or buy/sell signals.
Always use proper risk management and confirm with other analysis tools.
52 Week High & Low Distance Indicator
The 52 Week High & Low Distance Indicator measures the percentage distance of the current price from its 52-week high and 52-week low.
It provides a quick visual reference to evaluate long-term strength, weakness, and trend positioning.
🔹 Key Features
Percentage distance from 52-week low
Percentage distance from 52-week high
Easy comparison across different stocks and instruments
Works on stocks, indices, crypto, and forex
🔹 How to Interpret
Price near 52-week high → Strong momentum
Price near 52-week low → Weakness or potential accumulation
Negative value from high → Price trading below the 52-week high
🔹 Ideal For
Trend following
Breakout and momentum strategies
Long-term investing
Market screening and relative strength analysis
🔹 Timeframe Note
The calculation is based on the current chart timeframe.
On daily charts, 52 periods represent approximately one trading year.
⚠️ Disclaimer:
This indicator is for educational and informational purposes only.
It does not provide financial advice or buy/sell signals.
Always use proper risk management and confirm with other analysis tools.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.