OPEN-SOURCE SCRIPT
Average of Average SP500 breadth
Average of % of stocks in S&P500 above 20/50/100/200 MA summed up and divided by 4. So average of average of SP500 breadth :) with directional color. Adjustable MA and Color smoothing.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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