OPEN-SOURCE SCRIPT
Обновлено

Daily Bubble Risk Adjustment

1 043
This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Информация о релизе
This script calculates the ratio of the asset's closing price to its 20-week moving average (20W MA) and visualizes it as a color-coded line chart. The script also includes a customizable moving average (default: 111-day MA) to help smooth the ratio trend.

It identifies overbought and oversold conditions relative to the 20W MA, making it a valuable tool for long-term trend analysis.
Информация о релизе
Key Updates:
BMSB Implementation:
Added 20-SMA and 21-EMA calculations based on the ratio instead of price.
Introduced a shaded area between the two for better visualization.

Revised Color Assignments:
Adjusted the color gradient for different ratio ranges.
Improved color contrast for better readability.
Divergence Detection:
Implemented regular bullish and bearish divergences using pivot points.
Added labels and markers for easier trend identification.
Информация о релизе
some adjustments for colors

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