OPEN-SOURCE SCRIPT
Mayer Multiple (with muti-color histogram)
This is inspired by unbound's work on the Mayer Multiple script.
This script is designed to work with the daily chart.
I created this script so you can see the daily Mayer Multiple by just hovering over the bar in the histogram. I modified the color of the histogram bar to indicate the following:
Red = Over 2.4x Mayer Multiple, overvalued
Yellow = Between 1x to 2.4x Mayer Mutiple, fairly valued
Green = Under 1x Mayer Multiple, undervalued
This is my first script so let me know if there are any issues or suggestions on how to change it.
This script is designed to work with the daily chart.
I created this script so you can see the daily Mayer Multiple by just hovering over the bar in the histogram. I modified the color of the histogram bar to indicate the following:
Red = Over 2.4x Mayer Multiple, overvalued
Yellow = Between 1x to 2.4x Mayer Mutiple, fairly valued
Green = Under 1x Mayer Multiple, undervalued
This is my first script so let me know if there are any issues or suggestions on how to change it.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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