The standard deviation channel allows you to visually see the trend in the market using a linear regression calculation. This script has two lower and two upper bounds, with different deviations. Each of these boundaries has an alert when it has been breached.
Volatility is a statistical measure of the dispersion of returns for market index. In most cases, the higher the volatility, the higher the risk. Volatility is often measured as either the standard deviation or variance between returns from market index. This indicator helps you identify the direction of the trend by calculating the standard deviation of the movement.
A probability cone is an indicator that forecasts a statistical distribution from a set point in time into the future. Features Forecast a Standard or Laplace distribution. Change the how many bars the cones will lookback and sample in their calculations. Set how many bars to forecast the cones. Let the cones follow price from a set number of bars back. ...
"Buy at the level of maximum fear when everyone is selling." - says a well-known among traders wisdom. If an asset's price declines significantly from the most recent highest value or established range, traders start to worry. The higher the drawdown gets, the more fear market participants experience. During a sell-off, a feedback loop arises, in which the...
This script provides realized volatility (rv), implied volatility (iv), and volatility risk premium (vrp) information for each of CBOE's volatility indices. The individual outputs are: - Blue/red line: the realized volatility. This is an annualized, 20-period moving average estimate of realized volatility--in other words, the variability in the instrument's...
The hull moving average is my favorite moving average, as well as slower (55ma Bollinger Bands dev@(1.618)) is my favorite standard deviation indicator. Lets combine the two to evaluate overbought, oversold, and pressure. Use for all time frames- I PREFER daily. Bollinger band MA at 55 Hull ma at 55 The Hull is more reactive and faster than any band on the BB...
Creates a 'Time-of-Day' Deviation cone starting from the first bar of the session based upon data from previous days.
Network Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume. NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not. If it is upper than red line, it means overvalued. NVT Golden Cross targets to generate short or long signals by comparing the...
Hello Traders, This indicator uses two indicators st dev extremes and DMI extremes and visualize intersection of both indicators extreme zones using crosses. It means where cross is rendered intersection of extremes has occurred. The standard deviation uses the same calculation as my Standard deviation zones Support & Resistance indicator, DMI indicator measures...
Really simple script for dynamic support and resistance. Takes means over last 1440 bars (1440 minutes in a day) and calculates seven stdevs up and down.
This code is a modified version of the built-in "linear regression" script of Tradingviews which can be plotted correctly on logarithmic charts The log reg code of Forza was adjusted by altustro to generate an exponential regression (or a correct linear regression on the log scale, this is equivalent). The standard deviation in the log scale is a better volatility...
It shows a percentage difference between close and 4-SMA, 20, 50, 100 and 200. As it turns greener, the stock is more expensive, and vice versa, it turns redder when it becomes cheaper relative to the SMA. It will print the green backgraound as long as the bar closes above the 200 SMA and red as long as the bar closes below the 200 SMA. It uses by default 1.3...
This script calculates and displays some bar statistics. For the bar length statistics, it takes every length of upper or lower movements and calculates their average (with SD), median, and max. That way, you can see whether there is a bias in the market or not. Eg.: If for 10 bars, the market moved 2 up, then 1 down, then 3 up, then 2 down, and 2 up, the...
In Tradingview it is not possible to actually display arbitrary non-linear functions retrospectively. Series objects can only depend on the current or past bars Thus, while regression is possible, display of a non-linear curve into the past is not possible This script is a workaround to be able to still display an exponential fit of the last n bars. It is based...
Calculates the average daily range as well as the standard deviation of the daily range over a given period. Adding both values gives you a statistical range (bottom to top or top to bottom) in which price can be expected to move.
This strategy uses a setup consisting of two Bollinger Bands based on the 20 period 20-SMA +/- (a) upper/lower bands of two standard deviations apart, and (b) upper/lower bands of one standard deviation apart. We consider price at +/- one standard deviation apart from 20-SMA as the "Neutral Zone". If price closes above Neutral Zone after a period of...
The Ultimate Moving Average Bands were created by me and @RedKTrader and this converts our Ultimate Moving Average into volatility bands that use the same adaptive logic to create the bands. I have enabled everything to be fully adjustable so please let me know if you find a more useful setting than what I have here by default. I'm sure everyone is familiar with...
This is Bollinger Band built on top of Zigzags instead of regular price + something more. Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement. Middle line is moving average of last N zigzag pivots Lines adjacent to moving average are also moving averages. But, they are...