OPEN-SOURCE SCRIPT
Persistency - Days over MA
Persistency of trend
This script calculates how many days price has been over a Moving Average.
How to use the indicator
You can use it to find persistency of trend.
Over a certain threshold - number of days - you will find a very strong persistency of trend that has a high probability of continuing longer than you may first expect. It's up to you to find the threshold numbers. Let's be clear though it's a pretty high number.
You can change amount of days to fewer to find shorter term persistency as well.
Settings
You can configure settings of MA and amount of days to fit your needs.
This script calculates how many days price has been over a Moving Average.
How to use the indicator
You can use it to find persistency of trend.
Over a certain threshold - number of days - you will find a very strong persistency of trend that has a high probability of continuing longer than you may first expect. It's up to you to find the threshold numbers. Let's be clear though it's a pretty high number.
You can change amount of days to fewer to find shorter term persistency as well.
Settings
You can configure settings of MA and amount of days to fit your needs.
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