OPEN-SOURCE SCRIPT
MA with Difference GROK3
What This Indicator Does
This indicator enhances a simple moving average (SMA) with two key features:
Color-Changing Moving Average:
The moving average line changes color based on whether the current closing price is above or below it.
Green: Price is above the MA (potential bullish signal).
Red: Price is below the MA (potential bearish signal).
Dynamic Percentage Difference Label:
A label appears on the chart near the MA on the last bar, showing the percentage difference between the current closing price and the MA.
Positive percentage (e.g., "Diff: 2.34%"): Price is above the MA.
Negative percentage (e.g., "Diff: -1.87%"): Price is below the MA.
This indicator enhances a simple moving average (SMA) with two key features:
Color-Changing Moving Average:
The moving average line changes color based on whether the current closing price is above or below it.
Green: Price is above the MA (potential bullish signal).
Red: Price is below the MA (potential bearish signal).
Dynamic Percentage Difference Label:
A label appears on the chart near the MA on the last bar, showing the percentage difference between the current closing price and the MA.
Positive percentage (e.g., "Diff: 2.34%"): Price is above the MA.
Negative percentage (e.g., "Diff: -1.87%"): Price is below the MA.
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.
For quick access on a chart, add this script to your favorites — 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.
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.
For quick access on a chart, add this script to your favorites — 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.