OPEN-SOURCE SCRIPT
BTC Bull/Bear market
This indicator plots the 350-period Simple Moving Average (SMA) calculated on the Daily ("D") timeframe.
he color of the SMA line is determined by the closing price of the 2-Week ("2W") timeframe.
1. It fetches the 350-day SMA value (`sma350_daily`).
2. It checks where the *last closed* 2-Week candle finished relative to this SMA line.
3. If the 2W candle closed *above* the 350 SMA, the line is colored GREEN.
4. If the 2W candle closed *below* the 350 SMA, the line is colored RED.
This helps to visualize the long-term trend (350 SMA) confirmed by a higher (2W) timeframe bias, using non-repainting logic (`close[1]`) for the color signal.
he color of the SMA line is determined by the closing price of the 2-Week ("2W") timeframe.
1. It fetches the 350-day SMA value (`sma350_daily`).
2. It checks where the *last closed* 2-Week candle finished relative to this SMA line.
3. If the 2W candle closed *above* the 350 SMA, the line is colored GREEN.
4. If the 2W candle closed *below* the 350 SMA, the line is colored RED.
This helps to visualize the long-term trend (350 SMA) confirmed by a higher (2W) timeframe bias, using non-repainting logic (`close[1]`) for the color signal.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。