OPEN-SOURCE SCRIPT
Moving Average Gap Analyzer
Atualizado
Extremely simple algorithm in order to calculate the gap between 2 simple moving averages. Analyzing perspective defines the line of color as white, green or red. This is done by checking sources of both moving averages and evaluate their past values with the mutual length respectively. Analysis is done by scoring the movements of sources.
What to expect?
- Higher the gap, higher the volatility.
- If the analysis line is green sources have been raising (most likely bull market), if the analysis line is white the market is mostly likely close to horizontal, if the analysis line is red, sources have been decreasing gradually (most likely bear market).
ps. Genuine indicator idea of me. This indicator is not a product or an idea of any group I work with. Completely clear of all types of IP.
What to expect?
- Higher the gap, higher the volatility.
- If the analysis line is green sources have been raising (most likely bull market), if the analysis line is white the market is mostly likely close to horizontal, if the analysis line is red, sources have been decreasing gradually (most likely bear market).
ps. Genuine indicator idea of me. This indicator is not a product or an idea of any group I work with. Completely clear of all types of IP.
Notas de Lançamento
- Option for selecting MA type added.Notas de Lançamento
- Script updated from Pine Script v4 to Pine Script v5
- Dynamic moving average function moved to a library (Tools)
- Strict variable types implemented & applied
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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