Dow Phases MA [ROCHA] — Indicator by alexandressrocha

trendanalysis ema simplemovingaverage phases dow

phases of dow theory

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 code

Open-source script

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