OPEN-SOURCE SCRIPT

MarketLeaders

Someone asked me to script this for them and I was surprised at how well it worked

  • The idea is to check if the top 22 largest cap companies are above or below their MA
  • By default, the system uses a 20 MA, but you can set it how you want
  • It checks if the companies including, QQQ (NASDAQ) and SPY are above their MA's and updates the histogram
  • I've drawn in simple green price break lines to highlight areas of interest


I like this system because it's SO SIMPLE and it uses more data than just look at one stock, it reads the underlying market for the heavy movers.
If the big stocks are doing well, then the market should be doing well too, unless small caps are heavily stalling.

I've also created a strategy based around this and will be posting it soon
Trend Analysis

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

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