A multi-purpose trading indicator that analyzes price trends relative to Exponential Moving Averages and provides sector/industry context for strategic investment decisions.
Explore complementary indicator rolesHow it works
The indicator calculates the percentage distance between current price and multiple Exponential Moving Averages (EMAs), tracking distances for key periods like 9, 21, 50, 100, and 150-period EMAs. It computes an average percentage distance over a default 63-day period to smooth out short-term fluctuations and reveal more consistent trend information.
Additionally, the indicator retrieves and displays the specific sector and industry information for the analyzed asset, providing fundamental context alongside the technical EMA trend analysis. This dual approach allows traders to understand both the price movement characteristics and the broader market positioning of the asset.
Why it may be useful
The indicator helps traders gain deeper insights into price trends by showing how far the current price is from critical moving averages, which can signal potential overbought or oversold conditions. By averaging percentage distances, it provides a smoother view of trend momentum, helping traders identify potential entry and exit points with greater precision.
The sector and industry information adds crucial contextual understanding, enabling investors to assess the asset's performance within its broader market segment. This additional layer of information supports more informed decision-making by connecting technical price analysis with fundamental market sector trends.
When to explore it
This indicator is most valuable for swing traders and positional traders looking to understand longer-term price trends and market positioning. It works best when analyzing assets with clear trending characteristics, where the relationship between price and key EMAs can provide meaningful insights into potential market movements.
The indicator is particularly useful during sector rotation strategies or when comparing an asset's performance against its industry peers. Traders can leverage this tool to identify momentum shifts, assess trend strength, and gain a comprehensive view of an asset's technical and fundamental market context.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
