📜 ––––HISTORY & CREDITS–––
This TradingView script, " Mike Webster (Webby) Quick Break, Quicksand & Grateful Dead RS," is inspired by the trading methodology developed by Mike Webster. The concept was shared by Webster in a Twitter post, where he emphasized the strategy's role in managing a core position in a winning stock. Webster's approach is unique as it is...
This indicator measures a stocks distance from its 52 week high. The concept is based on what Mike Webster shared on his appearance on IBD Live, allowing users to see if a current pullback from the highs is normal compared to historical pullbacks or if more attention is warranted.
It is also important to pay attention to a stocks 52 week high in relation to it's...