HEX Risk Metric (v0.2)

gerawrdog Updated   
This indicator plots a "risk metric" based on the % increases of the following averages:
ema21, sma50, sma100, sma200, sma300, sma600.

Depending on the rolling 7-day percentage increase of this moving average, a value is assigned to each data point, then normalized to a common range.

This set of metrics attempts to represent data similar to that of a heat map.

Users can adjust filter top, filter bottom, and toggle on/off the different metrics within the set.
Release Notes:
Better colors for signals

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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