OPEN-SOURCE SCRIPT

UCS_Transactional Valuation Index-Version 2

Version 1 - tradingview.com/v/BRrxp5vv/

Updates include
Better Optimization on the levels.
Plotting only the important Highs and Lows

The extremes can be an important pivot levels.

Over and Undervalue - Gray (Column - close) (Histogram - High/Low)
Extreme conditions - Red

Extreme Alerts and Overlay will be added later.
indextransactionValuevaluebarsvaluecharts

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.

Want to use this script on a chart?


Uday C Santhakumar
Also on:

Disclaimer