OPEN-SOURCE SCRIPT

MARKET REGIME INDICATOR

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The indicator’s main function is to apply a moving average (MA) from a different symbol. It can be used to identify the broader trend in crypto or stocks.

For the selected symbol, the chart turns:

Green when price is above the MA

Red when price is below the MA

You can choose:

The type of MA

The length (period)

The indicator also plots the highest and lowest levels on the selected symbol to help identify potential turning points.

snapshot

It also includes an optional trend confirmation feature:

Off

snapshot

On
snapshot

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