OPEN-SOURCE SCRIPT
Price Strength Indicator by drnk
This indicator tries to help you conclude bullish or bearing trends by showing
if the price trend is stronger or weaker than short EMA , compared to a long EMA reference which is zero line.
For now please do not use it below 15 min timeframes.
if the price trend is stronger or weaker than short EMA , compared to a long EMA reference which is zero line.
For now please do not use it below 15 min timeframes.
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.
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.