Updated
Effort v Reward
This is the same as my Effort v Reward script but instead is an overlay that changes the background color rather than using a pane at the bottom. A little less info but more at a glance.
Release Notes
Changed the formula for highlighting from static <0, >1 values to use BB. The StdDev is adjustable as an input.
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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.