OPEN-SOURCE SCRIPT

macBar is a script for displaying the trend with colored bars

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This script is based on educational materials I received at a webinar by Jeffrey Kennedy of Elliott Wave International. I didn't find such a script in the Tradingview library, so I wrote it myself.

This is a simple script that colors the bars depending on where the price is and its extremes relative to a simple moving average.

The green bars say the market is bullish.
The gray bars indicate that the market is neutral.
The red bars say the market is bearish.

In the script, you can change the period of the simple moving average, by default it is 10.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.