Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v4 · On the chart
Distance from High
This indicator measures the number of bars since the highest high over a user-defined lookback period.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code22
Settings1inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
22 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-arrays-03.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Distance from high", "", true)
i_lookBack = input(100)
c_fillColor = color.green
var c_fills = array.new_color(5)
// Initialize the array elements with progressively lighter shades of the fill color.
array.set(c_fills, 0, color.new(c_fillColor, 70))
array.set(c_fills, 1, color.new(c_fillColor, 75))
array.set(c_fills, 2, color.new(c_fillColor, 80))
array.set(c_fills, 3, color.new(c_fillColor, 85))
array.set(c_fills, 4, color.new(c_fillColor, 90))
// Find the offset to highest high. Change its sign because the function returns a negative value.
lastHiBar = - highestbars(high, i_lookBack)
// Convert the offset to an array index, capping it to 4 to avoid a runtime error.
// The index used by `array.get()` will be the equivalent of `floor(fillNo)`.
fillNo = min(lastHiBar / (i_lookBack / 5), 4)
// Set background to a progressively lighter fill with increasing distance from location of highest high.
bgcolor(array.get(c_fills, fillNo))
// Plot key values to the Data Window for debugging.
plotchar(lastHiBar, "lastHiBar", "", location.top, size = size.tiny)
plotchar(fillNo, "fillNo", "", location.top, size = size.tiny)
Overview
Distance from High divides the lookback duration into five segments and applies a progressively lighter background color to the main price chart as the distance from the peak increases. It also outputs the calculated bar offset and tier index values to the Data Window for inspection.
- Graduated background shading based on peak distance
- Configurable lookback period for highest high detection
- Pre-allocated color array with tiered transparency levels
- Data Window diagnostics for bar offset and tier index
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| i_lookBack | int | 100 | i_lookBack |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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