INVITE-ONLY SCRIPT
[KRONOS] Deviations
Description
This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range.
The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value.
It includes
Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range.
Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color.
Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal.
Trend confirmation. Red or blue arrows will act as a trend confirmation.
Support and resistance . The zero line will frequently serve as a S/R area.
Divergences. You can use this indicator to detect potential pivot areas.
How to use?
Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red).
Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue).
extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range.
The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value.
It includes
Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range.
Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color.
Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal.
Trend confirmation. Red or blue arrows will act as a trend confirmation.
Support and resistance . The zero line will frequently serve as a S/R area.
Divergences. You can use this indicator to detect potential pivot areas.
How to use?
Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red).
Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue).
extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
Script su invito
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta kronos-algo o segui le istruzioni dell'autore riportate di seguito.
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Istruzioni dell'autore
″Learn more at: https://kronos-trading.com/indicators
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Vuoi usare questo script sui tuoi grafici?
Attenzione: leggi prima di richiedere l'accesso.
Learn more at: kronos-trading.com/indicators
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
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.