PROTECTED SOURCE SCRIPT
Updated NSE ABOVE SMA [ILuvMarkets]
This indicator calculates the percentage of stocks trading above their respective SMA's across all the NSE symbols and plots 4 lines
% of Stocks above SMA 20
% of Stocks above SMA 50
% of Stocks above SMA 100
% of Stocks above SMA 200
When all the lines are above 80%, Market is assumed to be overheated and a correction might come.
Similarly, when all the lines are below 20%, Market is assumed to be oversold and a rally might start.
% of Stocks above SMA 20
% of Stocks above SMA 50
% of Stocks above SMA 100
% of Stocks above SMA 200
When all the lines are above 80%, Market is assumed to be overheated and a correction might come.
Similarly, when all the lines are below 20%, Market is assumed to be oversold and a rally might start.
Release Notes
Label fixProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.