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 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.