EMA Deviation with Min/Max Levels

his indicator visualizes the percentage deviation of the closing price from its Exponential Moving Average (EMA), helping traders identify overbought and oversold conditions. It dynamically tracks the minimum and maximum deviation levels over a user-defined lookback period, highlighting extreme zones with color-coded signals:

• 🔵 Normal deviation range
• 🔴 Near historical maximum — potential sell zone
• 🟢 Near historical minimum — potential buy zone

Use it to spot price extremes relative to trend and anticipate possible reversals or mean reversion setups.