OPEN-SOURCE SCRIPT
Updated Distance from 50 SMA in ADR Terms
Indicator produces a multiple of ADR% from the 50-day simple moving average to determine is a stock or etf is extended.
Release Notes
Updated script to be able to chnage the font size of the output on screen.Release Notes
Red/ green font cnaged to a threshold of 7x ADR from the 50 smaOpen-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.
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.
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.