This script is for learning purposes only
This strategy will plot arrows when price breaks so far above/below WMA. The strategy will enter when the price breaks away from WMA. All entries are reversals. Users can set WMA length and source; also the distance of the price away from WMA to enter. Adjustable bracket orders are placed for exit, with trailing stop...
Plots the standard deviation resistance/support levels.
Input the previous settlement price and the implied volatility.
credit to u/UberBotMan and u/Living_Granger for the idea and formulas
(preview example is using settlement of 2420 and IV of 11)
I am not certain if something similar is already available out there. However, here's my own implementation of my simple idea of using the length of the candle-body, or wicks (high-low), to derive a Relative Volatility Index / Oscillator.
In summary: When the R.CVI is significantly positive, it indicates a sudden increase in volatility; whereas, when the R.CVI...
Several tests of market efﬁciency have been developed over the years. The very ﬁrst test, constructed by Louis Bachelier in 1900, measured the probability of a number of consecutively positive or consecutively negative price changes, or “runs.”
The randomness of runs is rejected with 95 percent statistical conﬁdence whenever the plotted value is greater than 0....
Standard Error Bands - Code by @XeL_arjona
Original implementation by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
For a quick and publicly open explanation of this Statistical indicator, you can refer at Here!
Extract from the former URL:
Standard Error bands are...
I was curious to see what Pine uses to accumulate numbers. It looks like it uses the simple "add em up" approach, rather than a compensated summation. This means that especially for large numbers, there is an inherent error amount.
This script implements the Kahan Summation Algorithm, also known as compensated summation....
Colours for candles/bars determined by
- standard deviation of price, and also
- additional inputs to determine if the candle/bar is significant:-
1) volume more than half the average volume, or
2) net movement (up, down) same as previous candle/bar
Developed for black background, but you can adjust the colours to your liking. Best used...
Price Change as Standard Deviation Spikes
Plots price changes scaled to daily StdDev for the period
The Close price change is plotted as a thick bar coloured green for up close, red for down close
The High price change is plotted as a thin bar coloured aqua
The Low price change is plotted as a thin bar coloured orange
Can be used to understand the statistical...
Sapphire looks for standar deviation trade signals and does not filter the results in anyway. You will often be told by the indicator to buy & hold at a loss or to exit positions prematurely and miss out on noteworthy gains (in excess of 15% at times!).
This script was published as an educational example and not suggested for use in trading.
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