OPEN-SOURCE SCRIPT
Updated Dow Phases MA [ROCHA]
phases of dow theory
1 - recuperation
2 - accumulation
3 - buy
4 - attention
5 - distribution
6 - sell
1 - recuperation
2 - accumulation
3 - buy
4 - attention
5 - distribution
6 - sell
Release Notes
update colors (always goes from lightest to darkest).BULL MARKET (1,2,3)
1. Buy or Excess Phase or Tendência de Alta or Euforia (verde escuro)
2. Buy or Public Participation or Alta Sensível (verde)
3. Buy or Recuperation or Accumulation (verde claro)
BEAR MARKET (4,5,6)
4. Sell or Panic Phase or Pânico (vermelho escuro)
5. Sell or Public Participation or Queda Sensível (vermelho)
6. Sell or Attention or Distribuition or Atenção or Aviso or Distribuição (vermelho claro)
Release Notes
Update codeOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.