myselfbtc

scorecard trading v1

usage
use this like a oscillator (for example RSI )
info
each time a indicator and condition is bullish it adds +1 if is not then it takes -1

i used the most used value for SMA but anyone can add more to have a rainbow/ribbon

for example
(iff( sma (close,30)>sma(close,30),1,-1))+
(iff( sma (close,40)>sma(close,40),1,-1))+

to have bars instead of a red line use
plot(stv1, linewidth=2, style=histogram, color = red)

snapshot
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snapshot
Remove from Favorite Scripts Add to Favorite Scripts
study(title="scorecard trading v1", shorttitle="ST v1", overlay=false)
stv1=(iff(close[0]>close[1],1,-1))+
    (iff(close[0]>sma(close,5)[0],1,-1))+ 
    (iff(sma(close,5)[0]>sma(close,5)[1],1,-1))+
    (iff(sma(close,10)[0]>sma(close,10)[1],1,-1))+
    (iff(sma(close,20)[0]>sma(close,20)[1],1,-1))+
    (iff(sma(close,50)[0]>sma(close,50)[1],1,-1))+
    (iff(sma(close,100)[0]>sma(close,100)[1],1,-1))+
    (iff(sma(close,200)[0]>sma(close,200)[1],1,-1))+
    (iff(sma(close,300)[0]>sma(close,300)[1],1,-1))
plot(stv1, linewidth=2, color = red)
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