OPEN-SOURCE SCRIPT
20 Week SMA Risk Rating
Use this indicator in the Weekly graph.
Green background indicates we are above the 20-day SMA; red background indicates we are under the 20-day SMA.
The lower we are the 20-day SMA indicates the bottom is near. The higher we are the 20-day SMA indicates there's the possibility to start climbing down.
Green background indicates we are above the 20-day SMA; red background indicates we are under the 20-day SMA.
The lower we are the 20-day SMA indicates the bottom is near. The higher we are the 20-day SMA indicates there's the possibility to start climbing down.
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.
Disclaimer
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