OPEN-SOURCE SCRIPT
Zaktualizowano standard deviation ruler
Designed for people who dislike having weird lines all over their chart and want a cleaner version of their standard deviation levels on the chart, here is your standard deviation ruler!
I don't need to rehash your statistics class in this description, as you know, standard deviations are a measure of the amount of variation or dispersion in a dataset that shows you how spread out the data points are from the mean. Here, the mean in question is the Volume Weighted Average Price (VWAP). This indicator shows you, just like VWAP bands, where price has statistically stayed around and whether it's inside that average range or outside of it.
The advantage of this indicator is that, on top of having the lines not display on top of the candles, leaving space for other stuff, the indicator is able to display exactly how many standard deviations price is currently away from, allowing for greater precision in your decision-making.
I held off on posting this side project for a while because, like many other of my side projects, I've never actually finished this one. The "Anchor Period" and "Length" settings do not change anything, and the indicator is permanently anchored to the start of the first session of the day (Asian session). I thought that, nonetheless, this indicator might interest some people.
Given enough requests or when I feel like it, I will probably fix that issue. Other than that, all settings work as intended. Thanks for reading and thanks for using my indicator!
I don't need to rehash your statistics class in this description, as you know, standard deviations are a measure of the amount of variation or dispersion in a dataset that shows you how spread out the data points are from the mean. Here, the mean in question is the Volume Weighted Average Price (VWAP). This indicator shows you, just like VWAP bands, where price has statistically stayed around and whether it's inside that average range or outside of it.
The advantage of this indicator is that, on top of having the lines not display on top of the candles, leaving space for other stuff, the indicator is able to display exactly how many standard deviations price is currently away from, allowing for greater precision in your decision-making.
I held off on posting this side project for a while because, like many other of my side projects, I've never actually finished this one. The "Anchor Period" and "Length" settings do not change anything, and the indicator is permanently anchored to the start of the first session of the day (Asian session). I thought that, nonetheless, this indicator might interest some people.
Given enough requests or when I feel like it, I will probably fix that issue. Other than that, all settings work as intended. Thanks for reading and thanks for using my indicator!
- k4
Informacje o Wersji
This update implements the anchor setting and has new alerts!I'm too lazy to write a description. Thanks for using my indicator!
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
@k4sual everywhere
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
@k4sual everywhere
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.