OPEN-SOURCE SCRIPT

USDT.D Volatility Tracker

USDT.D Volatility Tracker

Description:
This script is designed to track the volatility of USDT.D (US Dollar in cryptocurrency) on the TradingView platform. It uses a moving average and deviation from it to generate buy and sell signals, helping traders visualize changes in volatility and make informed decisions.

Input Parameters:
  1. maPeriod: The period of the moving average (default 120). This parameter allows users to adjust the length of the period used to calculate the moving average.
  2. devThreshold: The deviation threshold (default 0.6). This parameter defines the level of deviation that will trigger buy or sell signals.


Data Request:
The script requests closing data for USDT.D using the request.security function, allowing it to retrieve up-to-date data on the selected timeframe.

Moving Average and Deviation Calculation:
An exponential moving average (EMA) is used to calculate the deviation from the moving average, enabling the identification of current volatility.

Deviation Line Display:
The deviation rate line is displayed on the chart, allowing users to visually track changes in volatility.

Signal Generation:
If the deviation exceeds the set threshold (devThreshold), a buy signal is generated (green background).
If the deviation falls below the negative threshold (-devThreshold), a sell signal is generated (red background).

Visual Signals:
Buy signals are displayed on the chart as green triangles, while sell signals are displayed as red triangles. This helps traders quickly identify potential entry and exit points.
Volatility

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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