Power trend - SR - Based on Mike Webster's article

Mike Webster described the PowerTrend

What Starts a Power Trend?

• Low is above the 21-day EMA for at least 10 days.
  
• 21-day EMA is above the 50-day SMA for at least five days.
  
• 50-day SMA is in an uptrend.
  
• Closes up for the day.
  

What Ends a Power Trend?

• 21-day EMA crosses under 50-day SMA.
  
• Close 10% below the recent high and below the 50-day SMA.
  

I have provided the options to

• To show/hide all the important metrics related powertrend in a table.
  
• Background color can be shown on charts. It can be toggled as well.
  
• You can also modify the inputs for EMA and SMA
  

This script is supposed to be used on a daily chart however, it will work on other timeframes as well.

PS:

• This is my first attempt at building this script. I look forward to your feedback on the same.
  
• This is only for educational purposes.
  Following are some examples of the same
  AAPL
  
  
  
  AMZN
  
  
  
  CRM
  
  
  
  GOOGL
  
  
  
  META
  
  
  
  PLTR
  
  
  
  SMCI
  
  

發布通知:

1. Fixing EMA and SMA count logic.
   
2. Fixing summary table used of the correct value for Count(21EMA > 50SMA) row
   
3. Formatting recent high to show only two digits.