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Consecutive Up/Down Bar Labels

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The likelihood of mean reversion increases with consecutive days in a particular direction.

This indicator plots a signal, with increasing brightness, once a stock has had 3 or more days moving in one direction, and peaks at 7 days (i.e. if it has moved in the same direction for more than 7 days, the signal remains at the same max intensity).

The signals are plotted as dots above (for up days) or below (for down days) the bar.

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.