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Daily Bubble Risk Adjustment

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This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Nota Keluaran
This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Nota Keluaran
Key Updates:
BMSB Implementation:
Added 20-SMA and 21-EMA calculations based on the ratio instead of price.
Introduced a shaded area between the two for better visualization.

Revised Color Assignments:
Adjusted the color gradient for different ratio ranges.
Improved color contrast for better readability.
Divergence Detection:
Implemented regular bullish and bearish divergences using pivot points.
Added labels and markers for easier trend identification.
Nota Keluaran
some adjustments for colors

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.