52 Week High / Low (ToS)

52-Week High/Low Distance Tracker

Combined Indicator for charting and scanning

Displays distance from 52-week High and 52-week Low

declare upper;

--- Inputs ---

input showLabels = yes;

input showPlots = no; # Set to yes if you want to see lines in a lower study

--- 52 Week Calculations ---

We use AggregationPeriod.WEEK to ensure it pulls the correct 52-week data

regardless of the chart's current time frame.

def High52Week = Highest(high(period = AggregationPeriod.WEEK), 52);

def Low52Week = Lowest(low(period = AggregationPeriod.WEEK), 52);

--- Math Logic ---

Distance from High (How far below the high we are)

plot DistFromHigh = High52Week - close;

Distance from Low (How far above the low we are)

plot DistFromLow = close - Low52Week;

--- Visual Styling ---

Define colors for professional-grade styling

DefineGlobalColor("HighDist", Color.RED);

DefineGlobalColor("LowDist", Color.GREEN);

Labels for On-Chart Dashboard

AddLabel(showLabels, "52W High: " + High52Week + " (Dist: " + (DistFromHigh) + ")", GlobalColor("HighDist"));

AddLabel(showLabels, "52W Low: " + Low52Week + " (Dist: " + (DistFromLow) + ")", GlobalColor("LowDist"));

Handle Plot Visibility

These are hidden by default to keep the price chart clean, but available for Scans

DistFromHigh.SetHiding(!showPlots);

DistFromLow.SetHiding(!showPlots);

--- Scan/Watchlist Optimization ---

To use this in a scan, you would reference 'DistFromHigh' or 'DistFromLow'