Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA. The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable th
Indicator · Pine Script v6 · Own pane
Grid Bot [Direction plugin] Price Deviation [psyll]
This indicator measures how far price sits from a simple moving average, expressed as a percentage, then smooths that difference and plots it as an area in a separate pane.
Repaints
GitHub stars2on the repository
Pine versionv6current
Lines of code29
Settings9inputs
LicenceMIT
Last update8 months ago25 Feb 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
29 lines of Pine Script v6 from plugins/Grid Bot [Direction plugin] Price Deviation [psyll].pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Author: Psyll.com
// Email: info@psyll.com
// Website: https://psyll.com
// Copyright: Copyright © 2025 psyll.com. All rights reserved.
indicator('Grid Bot [Direction plugin] Price Deviation [psyll]', overlay = false)
// Define the number of bars to calculate the average value
settings_group = '##### Settings'
length = input(100, title = 'Length', group = settings_group, display = display.none)
smoothness = input(20, title = 'Smoothness', group = settings_group, display = display.none)
tf_group = '##### Timeframe'
tf_confirmation_wait = input.bool(defval = true, title = 'Wait for confirm', group = tf_group, inline = tf_group, display = display.none)
tf_no_repaint_security = input.bool(defval = true, title = 'No repaint', group = tf_group, inline = tf_group, display = display.none)
tf_barmerge_lookahead = input.bool(defval = false, title = 'Lookahead', group = tf_group, inline = tf_group, display = display.none)
tf_barmerge_gaps = input.bool(defval = false, title = 'Gaps', group = tf_group, inline = tf_group, display = display.none)
tf_type = input.string(title = 'Type', options = ['Static', 'Custom'], defval = 'Static', group = tf_group, display = display.none)
tf_static = input.timeframe(defval = '', title = 'Static', group = tf_group, display = display.none)
tf_custom = str.tostring(input.int(1, 'Custom', group = tf_group, display = display.none))
tf_type_value = switch tf_type
'Static' => tf_static
'Custom' => tf_custom
tf_security(source) =>
request.security(syminfo.tickerid, tf_type_value, tf_no_repaint_security ? source[barstate.isrealtime ? 1 : 0] : source, gaps = tf_barmerge_gaps ? barmerge.gaps_on : barmerge.gaps_off, lookahead = tf_barmerge_lookahead ? barmerge.lookahead_on : barmerge.lookahead_off)[tf_no_repaint_security ? barstate.isrealtime ? 0 : 1 : 0]
avg_price = tf_security(ta.sma(close, length))
price_diff_calc = (close - avg_price) / avg_price * 100
price_diff = tf_security(ta.sma(price_diff_calc, smoothness))
histogram_color = price_diff > 0 ? color.green : price_diff < 0 ? color.red : na
plot(title = 'Direction', series = price_diff, color = histogram_color, style = plot.style_area, display = display.pane)
Overview
Green marks a positive deviation and red a negative one, so the series acts as a direction reading for the Grid Bot plugin. Length and smoothness set the two averages. Timeframe controls choose a static or custom timeframe and can wait for confirmation, fill gaps, enable lookahead, or apply a no-repaint offset. It does not place orders.
- Percent deviation from a simple moving average
- Smoothed deviation plotted as a colored area
- Static or custom higher-timeframe source
- Optional confirmation, gaps, lookahead, and no-repaint offset
Details
Published by
cullyk on GitHub
Code credit
Copyright, as written in the script's header
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 100 | length |
| Smoothness | int | 20 | smoothness |
| Wait for confirm | bool | true | tf_confirmation_wait |
| No repaint | bool | true | tf_no_repaint_security |
| Lookahead | bool | false | tf_barmerge_lookahead |
| Gaps | bool | false | tf_barmerge_gaps |
| Type | string | Static | tf_type |
| Static | timeframe | | tf_static |
| Custom | int | 1 | Custom |
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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