🟧 GENERAL
The script works on the Monthly Timeframe and has 2 main settings (explained in FEATURES ). It uses the US CPI data, reported by the Bureau of Labour Statistics.
🔹Functionality 1: The main idea is to plot the distance between the CPI line and the 5 year moving average of the CPI line. This technique in mathematics is called "deviation from the moving...
Welcome to the NDR 63-Day QQQ-QQEW ROC% Spread script! This script is a powerful tool that calculates and visualizes the 63-day Rate of Change (ROC%) spread between the QQQ and QQEW tickers. This script is based on the research conducted by Ned Davis Research (NDR), a renowned name in the field of investment strategy.
⚙️ Key Features:
👉Rate of Change...
![SPX: [BT] NedDavis Series: CPI Minus 5-Year Moving Average](https://s3.tradingview.com/9/9A3lkkzv_mid.png "[BT] NedDavis Series: CPI Minus 5-Year Moving Average")
![QQQ: [TTI] NDR 63-Day QQQ-QQEW ROC% Spread](https://s3.tradingview.com/7/7rUEaj32_mid.png "[TTI] NDR 63-Day QQQ-QQEW ROC% Spread")
