OPEN-SOURCE SCRIPT
150MA: Distance % + Trend Slope
Indicator A: Distance % + Trend Slope
Distance % (blue):
Shows how far price is above or below the 150-day average.
Slope (°, green):
Shows trend momentum of the MA — steep positive = strong uptrend, flattening = trend weakening.
Zero baseline:
Helps you see trend direction and symmetry.
This pane helps you judge trend bias and trend strength.
Distance % (blue):
Shows how far price is above or below the 150-day average.
Slope (°, green):
Shows trend momentum of the MA — steep positive = strong uptrend, flattening = trend weakening.
Zero baseline:
Helps you see trend direction and symmetry.
This pane helps you judge trend bias and trend strength.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.