D2E (Distance to EMA)

D2E (Distance to EMA) measures how far price is from its daily Exponential Moving Average (EMA), both as a percentage and in dollar terms. It helps traders quickly assess how extended price is from its mean, making it useful for spotting overbought/oversold conditions, pullback opportunities, or trend exhaustion.

The indicator optionally plots threshold zones as bands on the chart: yellow lines mark a standard deviation based on a user-defined % distance, while red lines flag more extreme moves. When price crosses these thresholds, it may suggest potential reversals or continuation depending on context.

A compact on-chart table shows the current EMA, % deviation, and dollar difference from price. Text color changes based on how far price has moved—green (normal), yellow (near threshold), or red (beyond extreme).

Customizable settings include:
• EMA Length (default 20)
• Threshold % and Extreme Threshold %
• Table Position (top/bottom left/right)
• Table Font Size (Tiny to Huge)

Threshold lines are hidden by default but can be toggled on via the Style tab, where you can also adjust their color and thickness.

Built-in alert conditions are included for when price crosses above or below either threshold level.