This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v5 · Own pane
Standardized MA Difference
This indicator plots the percentage difference between a fast exponential moving average and a slow one, scaled by the close, in a separate pane.
GitHub stars43on the repository
Pine versionv5runs as is
Lines of code45
Settings8inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago23 Sep 2025
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
45 lines of Pine Script v5 from Standardized MA Difference.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Zettt
// Plots difference of price to the difference of two EMAs in percent. The idea is that if price is rallying strongly
// it would naturally travel further away from a moving average. By calculating the percentage,
// we can standardize trend strength.
//@version=5
indicator(title="Standardized MA Difference", shorttitle="Standardized MA Diff", timeframe="", timeframe_gaps=true)
// Getting inputs
fastEMALength = input(title = "Fast Length", defval = 21)
slowEMALength = input(title = "Slow Length", defval = 55)
src = input(title = "Source", defval = close)
lookback = input.int(defval = 50, title = "Percentile Lookback", minval = 1, group = "Percentile Ranking")
percentileEMALength = input.int(defval = 20, title = "EMA Length", minval = 1, group = "Percentile Ranking")
percentileRankExtreme = input.int(defval = 5, title = "Percentile Extreme", minval = 1, step = 1, group = "Percentile Ranking")
// Calculating
fastEMA = ta.ema(src, fastEMALength)
slowEMA = ta.ema(src, slowEMALength)
macd = fastEMA - slowEMA
differenceToPrice = macd / close * 100
// Color gradient
bottomColor = input.color(defval = color.rgb(255, 235, 59, 0), title = "Bottom Color", group = "Gradient")
topColor = input.color(defval = color.rgb(242, 54, 69, 0), title = "Bottom Color", group = "Gradient")
// bottomColorCutoff = input.float(defval = 0, title = "Bottom Color Cutoff", minval = 0, step = 0.1, group = "Gradient", tooltip = "Below this value, the gradient will not take effect, i.e. the color will stay constant.")
// topColorCutoff = input.float(defval = 100, title = "Top Color Cutoff", minval = 0, step = 0.1, group = "Gradient", tooltip = "Above this value…")
// Calculations and plots
percentileRank = ta.percentrank(differenceToPrice, lookback)
percentileEMA = ta.ema(percentileRank, percentileEMALength)
// Plotting
hline(0, "Zero Line", color = color.new(#787B86, 50))
// plot(macd, title = "MACD", color = #2962FF)
plot(differenceToPrice, title = "Difference to Price in Percent", color = #2862ff)
// plot percentile ranking
plot(percentileRank, title = "Diff to Price Percentile Rank", color = color.from_gradient(percentileRank, 0, 100, bottomColor, topColor), display=display.none)
plot(percentileEMA, title = "Diff to Price Percentile EMA", color = color.new(#64b5f6, 20), display=display.none)
plot(percentileRank < percentileRankExtreme ? percentileRank : na, title="Lowest Rank", color=color.rgb(255, 235, 59, 80), style=plot.style_columns, histbase=100, display=display.none)
plot(percentileRank > 100-percentileRankExtreme ? percentileRank : na, title="Highest Rank", color=color.rgb(242, 54, 69, 80), style=plot.style_columns, histbase=0, display=display.none)
Overview
Standardized MA Difference treats that gap as a standardized measure of trend strength and draws a zero line. Users set both EMA lengths and the price source. A percentile rank over a chosen lookback, an EMA of that rank, and column marks at extreme ranks are calculated but hidden by default. It does not generate trade entries or exits.
- Fast and slow EMA percentage difference
- Percentile rank of the difference
- EMA of the percentile rank
- Hidden extreme-rank column marks
- Separate-pane zero line
Details
Published by
Zettt on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Moving averages, Oscillators & momentum, Trend
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast Length | int | 21 | fastEMALength |
| Slow Length | int | 55 | slowEMALength |
| Source | source | close | src |
| Percentile Lookback | int | 50 | lookback |
| EMA Length | int | 20 | percentileEMALength |
| Percentile Extreme | int | 5 | percentileRankExtreme |
| Bottom Color | color | color.rgb(255, 235, 59, 0) | bottomColor |
| Bottom Color | color | color.rgb(242, 54, 69, 0) | topColor |
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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