Combined Candle Counter — Indicator by Kai1979

This script combines multiple indicators and count their results in a label

- Shows the weekly moving average in a daily chart
- Count the days where the underlying is above & below the moving average and shows the figure in a label
- Shows & Count Distribution days in relation to the weekly moving average
- Daily / Weekly Moving Averages can be configured (length, type, reference)

Release Notes:

Update to avoid repainting

Release Notes:

minor bugfix

Release Notes:

Added two additional moving averages (default MA 50 and MA 200)

Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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