Mayer Multiple Optimal Multi-Color Histogram [aamonkey]

Mayer Multiple developed by Trace Mayer gives the ratio of price to 200 daily moving average.

Buy when it's white sell when it's orange.

Is intended for use on day chart only.

This is an extension of the Mayer Multiple developed by Trace Mayer.

Normally you only have 2 thresholds signaling buying or selling (blue and yellow).

However, I added 2 more thresholds signaling optimized buys and sells (white and orange).

릴리즈 노트

Added green and red bars as possible buy and sell triggers.

릴리즈 노트

Picture update

오픈 소스 스크립트

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.

For quick access on a chart, add this script to your favorites — learn more here.