OPEN-SOURCE SCRIPT

Trend Analyzer

3 547
A simple script that plots difference between 2 moving averages and depicts convergance/divergance in color coded format.
Anything <= 0 is red and shows a bearish trend whereas > 0 is green and shows bullish trend.

Adjust the input parameters as following for your preferred time frame :
  • 4-Hr: Exponential, 15, 30
  • Daily: Exponential, 10, 20
  • Weekly: Exponential, 5, 10


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