This is an open source and updated version of my previous "Confidence Interval" script. This script provides you with the expected range over a given time period in the future and the skew of that range. For example, if you wanted to know the expected 1 standard deviation range of MSFT over the next 20 days, this will tell you that. Additionally, this script will...
█ OVERVIEW “The benchmark Dow Jones Industrial Average is off nearly 300 points as of midday today...” “So what? Is that a lot or a little? Should we care?” -Adam H Grimes- This screener aims to provide Bird-Eye view across sector indices, to find which sector is having significant or 'out-of-norm' move in either direction. The significance of the move is...
This is a pretty simple script here - I took the VWAP and combined it with Bollinger Bands. The bands can vary a lot based on chart resolution, so I wanted to make sure the resolution could be modified so you can use the resolution you're most comfortable with, or find the most success with. Length: Length of bars used to calculate the bands. Standard...
Description : This Stochastic variant will auto-adjust stochastic period based on volatility measured by standard deviation. The idea behind it are in highly volatile market, %K period will be reduced to account for recent price range, while in low volatility market, %K period will be increased to account less of the recent price range. This idea is based on...
Hi Guy, I would like to introduce you Standard deviation zones Support & Resistance horizontals. It draws line horizontals on high and low st dev zone. The colors are dynamic depending whether price is below or above the line. Credit is due to @Zeiierman for st dev zone calculation so shout out to him. There are various sections in setting: general setting...
In this indicator, I used Bollinger Bands and many standard deviation values together. These values are: 0.618 (Yellow), 1, 1.618 (Yellow), 2, 2.618 (Yellow), 3, 3.618 (Yellow), 4, 4.618 (Yellow). Like the indicator I just published, I also added multiple moving average options for the Bollinger Bands calculation. You can create your own strategies for where it...
This divergence indicator can track the correlation between one or more symbols. I use it to track the divergences between the VIX volatility index, gold, bonds, as well as other market leading indicators. When using with Vix, lower coefficients can lead to false signals. When in a high vix bear market signals, there is more noise and more false (or missing)...
This code is a slightly modified version of Tradingviews' built-in "linear regression" script which can be correctly plotted on logarithmic charts.
Identifies divergences in price action between the VIX (volatility index) and a ticker. Divergences can be a 'red flag' identifying lack of confidence in the price action. Best used in with volume studies, across multiple time frames, and across multiple tickers. Supports any volatility ticker (VIX, VXN, RVX).
This is a linear trend indicator that can: - automagically adjust to different chart resolutions - snap to day/session boundaries on intraday - totally not do the above and use ye olde good fixed lookback window - show the regression trend and its RMSE channels - disregard the trend and just show the period average and standard deviation lines (often acting as...
Volume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security. What is Volume? The volume represents all the...
Draws 3 leg bands along with safe zone(green lines) based on input 1) Input ATR, Week Day, Current Market Close 2) Input ATR - Previous day 1H Max ATR 3) ADX < 25 4) Input Current Market Close 5) Trading Day - Mon/Tue/Wed/Thu/Fri - Bands distance calculated based on day M/Tu/F 2*(Max ATR), W/Th 1.5(ATR) 6) Safe zone green lines - CMPCls +/- (1.5 * Max ATR) 7) Leg...
1) The script takes current INDIA VIX as input Daily time frame for NIFTY 2) Used a Formula VIX Value / Square root of Time Period 3) Change Timeframe input accordingly 1 Year = 1, Monthly = 12, Weekly = 52, Daily = 365 4) based point 2 formula with 1 standard deviation it creates upper & lower range bands 5) This is generally used for option selling by big...
Here is a simple Standard Deviation Line based on supply and demand that will help you to find expected move easily. 3 Standart Deviation merged line available. Number of days and adjustable length.
//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line. Spread measures: - Standard deviation (for most cases); - Average deviation (if there are extreme values); - GstDev - Geometric Standard Deviation (exclusively for Geometric Mean); - HstDev - Harmonic Deviation (exclusively for Harmonic...
This script embodies the application of the Bollinger Band and Money Flow Index in John A. Bollinger's book "Bollinger on Bollinger Bands." "Bollinger on Bollinger Bands" suggests a relatively method of analysis by applying the Bollinger Band to an indicator. Here's one of the indicators, Money Flow Index. Money Flow Index is an indicator of overbuying and...
Just 2 Moving Averages with adjustable settings and shifting capability, plus signals and predicting continuations. At the time of publish these different types of MAs are supported: - SMA (Simple) - EMA (Exponential) - DEMA (Double Exponential) - TEMA (Triple Exponential) - RMA (Adjusted Exponential) - WMA (Weighted) - VWMA (Volume Weighted) - SWMA...
The Semi Deviation Point calculates the positive value as the standard deviation of only samples that has high value than the simple moving average. The negative value is the same standard deviation, but only uses the low value and multiply for -1. After this calculate the value is divide by the value of simple moving average and multiplied by hundred to get a...