OPEN-SOURCE SCRIPT
MR Price to MA
//this is a simple concept to identify extremee price points using the price and a simple moving Average
//one must change the xtreme ranges as per timeframe and optimize the range.
// when we divide price by SMA it converts price into a stationary hence helps us identify extremee zones
//one must change the xtreme ranges as per timeframe and optimize the range.
// when we divide price by SMA it converts price into a stationary hence helps us identify extremee zones
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Lovelesh Sharma
CMT, CFTe
CMT, CFTe
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Lovelesh Sharma
CMT, CFTe
CMT, CFTe
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.