OPEN-SOURCE SCRIPT
Обновлено 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
Информация о релизе
This update implements the anchor setting and has new alerts!I'm too lazy to write a description. Thanks for using my indicator!
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
@k4sual everywhere
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
@k4sual everywhere
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.