OPEN-SOURCE SCRIPT
EQ - HPDR Bands
HPDR Bands is a volatility-based multi-range envelope indicator designed to measure how far price deviates from its equilibrium (median) using dynamic statistical ranges.
The indicator combines concepts from:
The result is a layered probability structure around price that helps identify:
The indicator combines concepts from:
- Standard deviation analysis
- Bollinger Bands
- Fibonacci ratios
- Mean reversion theory
- Volatility mapping
The result is a layered probability structure around price that helps identify:
- Overextended market conditions
- Potential reversal zones
- Trend continuation strength
- Volatility compression/expansion
- Liquidity sweep regions
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.