OPEN-SOURCE SCRIPT
Moving Average Price Deviation Spread
**Moving Average Price Deviation Spread (MA Dev)**
This indicator visualizes the deviation of price from its exponential moving average (EMA) and scales it within dynamic upper and lower bounds. The core logic measures the smoothed spread between price and EMA, then calculates standard deviation over a rolling window to define statistical thresholds.
* **Spread**: EMA of (Close - EMA), highlighting directional bias.
* **Upper/Lower Bounds**: EMA of ±1.96 \* standard deviation of the spread, framing high/low deviation zones.
* **Use Case**: Spot overextended conditions, mean reversion setups, or volatility-driven breakouts. Ideal for timing entries and exits around price extremes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.