PROTECTED SOURCE SCRIPT

BBI (4MA/4) overlay

2 690
The BBI is a kind of Bull & Bear Index, which famous among Chinese traders.

Calculating method:
BBI = (( MovingAverage({source}, {M1}) + MovingAverage({source}, {M2}) + MovingAverage({source}, {M3}) + MovingAverage({source}, {M4})) ÷ 4) secured in {resolution}
(source: wiki.mbalib.com/wiki/多空指数)

Configuretion:
{resolution}, {source} and {M*} are configurable. you could also feel free to use the default values.

People believe that If the price is above the BBI line, then this ETP is in the Bull market, and otherwise in the Bear market.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.