PROTECTED SOURCE SCRIPT
Market Convergence&Divergence Index
Indicator Description:
This indicator is based on two different simple moving averages (SMA). While the typical condition for a crossover of moving averages to be valid is after the crossover has been confirmed, this indicator calculates the alpha value, which represents the condition value of the crossover between the two SMA. It then calculates the distance between this alpha value and the value set in the source to indicate the convergence or divergence of the current market.
Interpretation:
This indicator is based on one of the indicators that I have distributed(tradingview.com/script/mhpIDlHD/). Typically, when the market is considered a bear market, the indicator value can be judged after it has turned from positive to negative (if it is negative, it remains negative), and vice versa for a bull market. The highs and lows indicated by this indicator are highly likely to be the highs and lows of the stock price, and their strength is indicated by the gradient color.
Additional Information:
Anyone can use this indicator, but it should be emphasized that it may be subject to change through future updates.
Thank you.
This indicator is based on two different simple moving averages (SMA). While the typical condition for a crossover of moving averages to be valid is after the crossover has been confirmed, this indicator calculates the alpha value, which represents the condition value of the crossover between the two SMA. It then calculates the distance between this alpha value and the value set in the source to indicate the convergence or divergence of the current market.
Interpretation:
This indicator is based on one of the indicators that I have distributed(tradingview.com/script/mhpIDlHD/). Typically, when the market is considered a bear market, the indicator value can be judged after it has turned from positive to negative (if it is negative, it remains negative), and vice versa for a bull market. The highs and lows indicated by this indicator are highly likely to be the highs and lows of the stock price, and their strength is indicated by the gradient color.
Additional Information:
Anyone can use this indicator, but it should be emphasized that it may be subject to change through future updates.
Thank you.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
Hi, im Quant from KR
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。
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。