PROTECTED SOURCE SCRIPT
Global indices strength gauge (Indexed)
Indexed Cross-sectional analysis over different tickers. The user can also change the tickerid so you can make another kind of cross-section analysis.
How the indexing work:
For each ticker, we obtain an indexed value (base on the band) which gauge the relative strength of each global index.
How to read the value :
The value is based on the location from the band.
1 : price is reached its level 1 upper band.
-1 : price is reached its level 1 lower band.
Exceed the boundary: more likely there is a drift on that direction for that moment.
How the indexing work:
For each ticker, we obtain an indexed value (base on the band) which gauge the relative strength of each global index.
How to read the value :
The value is based on the location from the band.
1 : price is reached its level 1 upper band.
-1 : price is reached its level 1 lower band.
Exceed the boundary: more likely there is a drift on that direction for that moment.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
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.