OPEN-SOURCE SCRIPT
Covid
This indicator is meant to track the trend of total deaths and total confirmed cases of coronavirus.
silver column = (change in deaths)/(change in cases)
black line = (total deaths/total cases)
maroon line = (change in deaths)
navy line = (change in cases)
Interpretation: When they are trending up, it is bearish. When they are trending down, it is bullish.
maroon line going up = virus is not contained, higher % increase in cases than previous day
navy line going up = no antidote found, higher % passed away than previous day
black line going up = 4% of confirmed cases resulted in deaths, higher than yesterday
silver columns increasing = there was an increase in the percentage of deaths relative to the percentage of confirmed cases
silver column = (change in deaths)/(change in cases)
black line = (total deaths/total cases)
maroon line = (change in deaths)
navy line = (change in cases)
Interpretation: When they are trending up, it is bearish. When they are trending down, it is bullish.
maroon line going up = virus is not contained, higher % increase in cases than previous day
navy line going up = no antidote found, higher % passed away than previous day
black line going up = 4% of confirmed cases resulted in deaths, higher than yesterday
silver columns increasing = there was an increase in the percentage of deaths relative to the percentage of confirmed cases
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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