OPEN-SOURCE SCRIPT
Descriptive Statistics [Variance]
This indicator displays the Mean and Variance of price over a selected dataset. It is designed to describe the central value of price and the degree of dispersion around it.
The Mean represents the average price level over the selected period. It acts as the central reference point of the dataset.
Variance measures how spread out price values are around the Mean. It reflects the degree of variability or instability in price movement over time.
What it shows?
1. Mean: The average price level of the selected data.
2. Variance: The average squared deviation of price from the Mean.
Key concept
1. The Mean describes the center of price behavior.
2. The Variance describes how widely price moves around that center.
Together, they provide a basic statistical view of market structure and volatility.
⚠️ Note
This indicator is for analytical and educational purposes only and does not provide trading signals or directional predictions.
AUTHOR: TUGUME WILLIAM MUTARA
The Mean represents the average price level over the selected period. It acts as the central reference point of the dataset.
Variance measures how spread out price values are around the Mean. It reflects the degree of variability or instability in price movement over time.
What it shows?
1. Mean: The average price level of the selected data.
2. Variance: The average squared deviation of price from the Mean.
Key concept
1. The Mean describes the center of price behavior.
2. The Variance describes how widely price moves around that center.
Together, they provide a basic statistical view of market structure and volatility.
⚠️ Note
This indicator is for analytical and educational purposes only and does not provide trading signals or directional predictions.
AUTHOR: TUGUME WILLIAM MUTARA
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。