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umur.ozkul

MinMax, The big picture

umur.ozkul  
Trend Analysis Breadth Indicators
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trendanalysis breadthstudies
See the boundaries of the price movement. The big picture.
The yellow boundaries are over 2 weeks.
The purple boundaries are over 2 months.

If a coin is below the lowest purple boundary than it means that it is sinking and it cannot be traded.

If a coin is below 50 weeks average (thick red line) than it is not ripe enough for trading also.
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.

Disclaimer

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