this script provides a adaptive version of the and . Also you can check in the settings for the long-short-ratio of bitcoin and ethereum .
The indicator is adaptive, because it looks at historic price action of a specific period to define, wether the trend is or and therefore adapts the values.
What you need to look out for:
- crosses, highs (top area) and lows (lower area)
- divergences (e.g. adaptive falls and price goes higher)
- long-short divergences (e.g. long-short ratio rises and price goes down)
- if or is above the middle line, the trend is rising and other way around
Let me know, what you've been thinking bout the script :-)