OPEN-SOURCE SCRIPT
Bull Market Support Band (20w SMA, 21w EMA)
Mis à jour
This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
Notes de version
Smooth lines on non-weekly timeframes.Notes de version
Removed deprecated "color" attribute in "fill" function and changed "color" attribute accordingly.Notes de version
Fixed a bug where changing the indicator timeframe does not change the lengths of the moving averages. Notes de version
Bumped the version to v5.Notes de version
Fixed a bug where there is a gap between the latest indicator data and the chart's latest data on timeframes lower than weekly.Notes de version
Reverted last big fix since it is removed multi timeframe functionality.Notes de version
Same as aboveScript 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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