OPEN-SOURCE SCRIPT
Aggiornato

Daily Bubble Risk Adjustment

701
This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Note di rilascio
This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Note di rilascio
Key Updates:
BMSB Implementation:
Added 20-SMA and 21-EMA calculations based on the ratio instead of price.
Introduced a shaded area between the two for better visualization.

Revised Color Assignments:
Adjusted the color gradient for different ratio ranges.
Improved color contrast for better readability.
Divergence Detection:
Implemented regular bullish and bearish divergences using pivot points.
Added labels and markers for easier trend identification.
Note di rilascio
some adjustments for colors

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.