PROTECTED SOURCE SCRIPT
Bull market support comparison
Plots the % difference between price and bull market support band. Since BMSB is two lines, they're simple averaged together. Top 40 tokens according to Coingecko ( minus stable coins) are chosen for the default display. On display all average certain crypto are taken out for limited price history. Calculation of BMSB applied in this indicator follows:
f(x) =>
sec = request.security(x, 'W', close)
math.avg(((sec-ta.sma(sec,20))/ta.sma(sec,20))*100,((sec-ta.ema(sec,21))/ta.ema(sec,21))*100)
f(x) =>
sec = request.security(x, 'W', close)
math.avg(((sec-ta.sma(sec,20))/ta.sma(sec,20))*100,((sec-ta.ema(sec,21))/ta.ema(sec,21))*100)
Protected script
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.