OPEN-SOURCE SCRIPT
Risk 50DMA / 50WMA
Updated
Indicator to show the "Risk" based on 50 Daily SMA and 50 Weekly SMA
Normalization has to be done manually in the indicator settings (currently value 4 gives best result)
Inspiration by Benjamin Cowen
Normalization has to be done manually in the indicator settings (currently value 4 gives best result)
Inspiration by Benjamin Cowen
Release Notes
Migration to Pine Version 4Cosmetic enhancements
Added the possibility to schedule alerts (when entering buy zone/sell zone)
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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