OPEN-SOURCE SCRIPT
Percent difference from 50 & 200 day MAs
To chart price relative to 50 and 200 day SMAs and to use the difference between those metrics as an indicator of bull or bear market and potential turnarounds.
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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