This indicator plots 2/20 . For the Mov
Avg X 2/20 Indicator, the bar will be painted when the Alert criteria is met.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
- For purpose educate only
- This script to change bars colors.
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.