Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box."
The following stats are available for the most recent price bar:
■ High price
■ Low price
■ Last price
■ Percent change in price from prior bar
■ Closing range within the bar
■ % change relative to the 50-day moving average
For daily charts:
■ 21-day and % offset of price
■ 50-day and % offset of price
■ 200-day and % offset of price
Here's how to interpret the moving averages:
In the image below the 50-day is 74.58 (8.04%). 74.58 represents the value of the 50-day . 8.04% indicates that the current price is 8.04% above the . A negative % would indicate the current price is the specified % below the .
Add support to show price stats for weekly charts:
■ 10-week SMA and % offset of price
■ 40-week SMA and % offset of price
■ Price % off the 52-week high
■ 52-week price range, high to low
■ Left/right offset of the Price Stats dialog can now be configured.
■ Minor changes to how the offset is calculated based on the day of the week.
■ Choose your preferred font size for the text.
■ Update formatting of the volume to make it easier to read.
■ Add "Distance to Low" option
Knowing the distance to the low can help when setting a stop. For example, if buying an upside reversal, a logical stop could be set at the low of the bar. At a glance, you can now see the percentage and distance in points from the current price to the low. This allows for a quick determination if low is within your preferred stop range.
■ Duplicate labels no longer appear when using the Bar Replay option
■ Code cleanup
■ Vertical and horizontal placement of the Price Stats are now configurable.
■ Add 'High to Low' which shows range in price as points and percentage.
The 'High to Low' value may be helpful if you plan to buy on a breakout to a new high. At a glance, you'll know the percentage and distance in points if you opt to use the low of the bar as a stop.
■ Add 20-week simple moving average to the weekly chart.
■ Price Stats can be shown in a table with a configurable location.
■ Computations that return NaN (Not a Number) will now return 0.
■ Minor updates to the display of 52-week highs and lows.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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