This indicator is based around BB%, essentially showing where deviations are within price over time.
Plotshapes are printed when exiting extremes of the deviations, back towards the mean.
Arrows indicate an increased likelihood of price reverting direction. Red arrow =bearish, green arrow = bullish.
Dots on the top and bottom of the oscillator show a sub level of reversion that would be perhaps less extreme than when price reenters the norm from the normal standard deviation.
Users can also change the timeframe of the indicator for high time frame signals.
Barcolors for plotshapes included.
DM for access
Thanks
Plotshapes are printed when exiting extremes of the deviations, back towards the mean.
Arrows indicate an increased likelihood of price reverting direction. Red arrow =bearish, green arrow = bullish.
Dots on the top and bottom of the oscillator show a sub level of reversion that would be perhaps less extreme than when price reenters the norm from the normal standard deviation.
Users can also change the timeframe of the indicator for high time frame signals.
Barcolors for plotshapes included.
DM for access
Thanks
リリースノート:
Style changes and added input variables for plotshape thresholds
リリースノート:
Style changes
リリースノート:
Style changes, and added ability to change type of MA
リリースノート:
Changed reversion reference to upper and lower standard deviations instead of mean.
リリースノート:
Script notes clarification.
リリースノート:
Clarification and style change. Removed unnecessary code.
リリースノート:
Added divergences
リリースノート:
Style changes.
リリースノート:
Added alerts to main bull/bear crosses