PROTECTED SOURCE SCRIPT

Weekly SMA200 Distance – Percentile Zones

90
The Weekly SMA200 Distance – Percentile Zones indicator measures the percentage distance of price relative to the 200-week Simple Moving Average (SMA200) and classifies it into historical percentile zones.

This tool helps identify the context of an asset in relation to its long-term trend:

Cheap Zone (< P25): price at historically low levels relative to the SMA200.

Value Zone (P25–P50): neutral range, where price trades around its long-term average.

Acceptable Zone (P50–P65): moderately high levels, still reasonable within an uptrend.

Not Recommended Zone (P65–P76): overextended territory with rising correction risk.

Very Expensive Zone (≥ P76): extreme levels, historically linked to overvaluation and potential market tops.

Percentile calculations update dynamically with each new weekly candle, providing a robust and objective statistical perspective for investment and trading decisions.

✅ In summary

This indicator works as a quantitative valuation map: showing whether the asset is cheap, fairly valued, acceptable, risky, or very expensive relative to its historical distance from the weekly SMA200.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.