OPEN-SOURCE SCRIPT

Dow Phases MA [ROCHA]

Updated
phases of dow theory

1 - recuperation
2 - accumulation
3 - buy

4 - attention
5 - distribution
6 - sell
Release Notes
update colors (always goes from lightest to darkest).

BULL MARKET (1,2,3)
1. Buy or Excess Phase or Tendência de Alta or Euforia (verde escuro)
2. Buy or Public Participation or Alta Sensível (verde)
3. Buy or Recuperation or Accumulation (verde claro)

BEAR MARKET (4,5,6)
4. Sell or Panic Phase or Pânico (vermelho escuro)
5. Sell or Public Participation or Queda Sensível (vermelho)
6. Sell or Attention or Distribuition or Atenção or Aviso or Distribuição (vermelho claro)
Release Notes
Update code
DOWExponential Moving Average (EMA)phasesSimple Moving Average (SMA)Trend Analysis

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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