EMA Distance Meter (14 vs 50)

This is an EMA Distance Meter.
Its only job is to show you how far the 14 EMA is from the 50 EMA, both:

✔ As a percentage
✔ As a raw point difference
✔ With color-coded trend strength
✔ With a small on-chart table showing current values

This kind of tool is meant to help you confirm trend vs chop without guessing.

✅ Main Concept

It measures the distance between the fast EMA (14) and slow EMA (50).

When the 14 EMA is above the 50 → bullish distance

When the 14 EMA is below the 50 → bearish distance

Bigger distance = stronger trend

Tiny distance = chop/consolidation

🔧 How It Works (Step-by-Step)
1. Inputs

You can change:

Fast EMA length (default 14)

Slow EMA length (default 50)

Source (close by default)

Thresholds for:

Trend strength

Choppy/no-trend zone

These thresholds are percentages.

Example:

Trend threshold = 0.20 → trend when EMAs differ by ≥ 0.20%

Chop threshold = 0.10 → chop when EMAs differ by ≤ 0.10%