OPEN-SOURCE SCRIPT
3 EMA & SMA (Market Cycle)
Simple Indicator based on 3 Simple and 3 Exponential Moving Averages. Used to indicate Market Cycles.
Definition of Bull Market: 10 SMA is above 21 EMA . 30 SMA slope is up. 55 EMA is trending above 200 EMA .
Definition of Bear Market: 10 SMA is below 21 EMA . 30 SMA slope is down. 55 EMA is trending below 200 EMA .
Definition of Bull Market: 10 SMA is above 21 EMA . 30 SMA slope is up. 55 EMA is trending above 200 EMA .
Definition of Bear Market: 10 SMA is below 21 EMA . 30 SMA slope is down. 55 EMA is trending below 200 EMA .
Open-source script
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