OPEN-SOURCE SCRIPT
St_cumulative
I decided to publish one of my "old" indicators on market sentiment, with possible reversal points. The indicator has 1 parameter-the period. It is based on the fact that the average between the maximum and minimum for the period is displayed, and then the difference between the average line and the maximum of the candle or the minimum (depending on the color of the candle) accumulates. If the indicator is in the positive zone and is colored green, then the trend is up, if it is in the positive zone, but white, then the upward trend may be completed, similarly with a fall, in the negative zone and red is a falling trend, in the negative zone and white-the fall may be completed. It is better to take periods to bind to natural periods If the schedule is 1 minute, then take a period of 60-equal to an hour, if the hour is 24 (day), if the day is 7 (week) or 30 (month)
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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