18 lines
570 B
Plaintext
18 lines
570 B
Plaintext
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//@version = 5
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indicator("NASDAQ Cumulative New Highs New Lows", overlay = true)
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var cumulativeNewHighsLows = float(na)
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newHighs = request.security("HIGQ", "D", close)
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newLows = request.security("LOWQ", "D", close)
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newHighsLows = nz(cumulativeNewHighsLows) + (newHighs - newLows)
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cumulativeNewHighsLows := newHighsLows
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mean = ta.sma(cumulativeNewHighsLows, 252)
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stdev = ta.stdev(cumulativeNewHighsLows, 252)
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zScore = (cumulativeNewHighsLows - mean) / stdev
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plot(zScore)
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regimeColor = zScore > 0 ? color.green : color.red
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bgcolor(color.new(regimeColor, transp = 75))
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