PROTECTED SOURCE SCRIPT
Aggiornato Market Extremities
Here I'm proposing an indicator to measure market extremities, it is different than usually used STDv function and has a much simpler underlying mechanism. However, what you will compromise by it is that it is not going to work efficiently like STDv and you will need to use some form of trend and momentum indicators along with it. Not efficiently doesn't mean not tradable, in fact, this is what I use over STEDv myself to reduce the noise of Bollinger Bands.
This indicator is only designed to catch the highs and lows of the market during intraday. It works across all markets and it is surprisingly good at it and has certain predictive nature since the price seems to hang around the extreme lines. Having said that, an astute trader can trade this for both breakouts and mean reversion strategies.
For reference here is one chart marked
This is for educational purpose only-
Past performance is no indicator of future success and author takes no responsibility for the trader's actions.
Enjoy~
This indicator is only designed to catch the highs and lows of the market during intraday. It works across all markets and it is surprisingly good at it and has certain predictive nature since the price seems to hang around the extreme lines. Having said that, an astute trader can trade this for both breakouts and mean reversion strategies.
For reference here is one chart marked
This is for educational purpose only-
Past performance is no indicator of future success and author takes no responsibility for the trader's actions.
Enjoy~
Note di rilascio
Updated to accommodated V5 and some minor changesAlso added new things.
Enjoy!
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.