This script will give you red/green columns to indicate if price is above or below a certain EMA. With Candlestick charting, we are looking for price in relation to the 8 ema Trigger Line (T-Line). You can adjust this indicator to fit your need. Simple, but nice to quickly see.
Oops. Last line's title should be "Sell". Doesn't affect display though.
English:
This indicator has been developed as an early warning tool to estimate the probability of correction in the US stock market. It works best in the daily chart.
Function:
1.) "Index-line"
The underlying stock index is converted to a scale between 0% and 100% based on its 52-week highs and lows. Where 100% is closing price at 52-week high and 0% is closing...
English:
Due to changes made by TradingView, my old script "Moving Average Trend-Buschi" is no longer functioning. Please use this indicator.
Description:
This script shows via selectable sorts of Moving Averages (normal, weighted or exponential) the amount of units (e. g. trading days) that are currently above (value in green) or under (value in red) the main...
History and credits
The idea about this indicator, came from a friend teodorgun. www.tradingview.com
Special thanks to QuantNomad, whose courses got me started on programming on PineScript. www.tradingview.com
What it does
The indicator plots various values from market breadth indicators.
It shows the % stocks above certain moving averages for different...
