Distance from 200 EMA (HUD)

What it does:
A minimal, on-chart heads-up display that shows the real-time percentage distance between price and the 200-period EMA on your current timeframe. No lower pane, no clutter—just a small box in the top-right with “Distance from 200 EMA” and the live % value.

Why it’s useful:

Quickly quantify trend and extension: positive values = price above the 200 EMA; negative values = below.

Spot overextension and potential mean-reversion zones without measuring by hand.

Keep the chart clean while maintaining constant awareness of how stretched price is from the long-term mean.

How it works
The indicator calculates (Close − EMA(200)) / EMA(200) × 100 on whatever timeframe your chart is set to, then displays that percentage as a compact table overlay. It updates in real time as price and timeframe change.

Typical use cases

Trend filter: trade with the primary bias (above = long bias, below = short bias).

Extremes & pullbacks: define your own “extreme” thresholds (e.g., ±X%) to allow counter-trend fades or to anticipate pullbacks toward the EMA.

Multi-timeframe alignment: flip between H1/H4/D1 and instantly see extension on each timeframe.

Settings

EMA Length (default 200)

Decimals (rounding)

Color by sign (optional green/red background)

Notes

Works on any market and timeframe supported by TradingView.

The value is percentage distance, not pips or ticks.

Pair it with your price-action tools (swing highs/lows, liquidity levels) and volume/OI reads for higher-quality decisions.

Risk reminder
This is an information tool, not a signal generator. Manage risk strictly (I risk ≤1% per trade by default).

If you find this helpful:

❤️ Boost the script

⭐ Follow my profile for more tools

💬 Comment with feedback or feature ideas

🔗 Considering TradingView? Use my referral link tradingview.com/pricing/?share_your_love=Trading_Soldier to support the work—thank you!