OPEN-SOURCE SCRIPT
Tri-MayerMultiple by USCG_Vet
The Mayer Multiple was created by Trace Mayer as a way to analyze the price of an asset in a historical context.
The Mayer Multiple is the multiple of the current price over some x-day moving average.
I preferred to display multiple average lines as they can help with identifying divergences.
The Mayer Multiple is the multiple of the current price over some x-day moving average.
I preferred to display multiple average lines as they can help with identifying divergences.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.