OPEN-SOURCE SCRIPT
Ribbon % OF stocks above 20/50/100/200 DayMA S&P500
Updated
Moving average ribbon of % stocks above 20/50/100/200 Day moving average in th S&P500. Directional color. Pretty good indicator for big bottoms. Tops - not so much. use 1D timeframe.
Release Notes
Ribbon % OF stocks above 20/50/100/200 DayMA S&P500 color fixes.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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