Depth Multiple Time Frame

The price always returns to the average !!!

An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.

thumbs up!!
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?


Any chance to add an alert whenever depth is detected?
Thank You
+5 Jawab
Dreadblitz RwTrades
@RwTrades, hello how are you, if possible, in a spare time I add it, greetings
Hi, can i use this on a 4hr chart with the default settings? thanks !!
+2 Jawab
Dreadblitz Carl2021111
@Carl2021111, hi, if you can use it in 4 hours, just set it to be the lowest time frame and the other higher ones, greetings
Carl2021111 Dreadblitz
@Dreadblitz, thanks mate !
MarxBabu Carl2021111
@Carl2021111, very good one chart
Any way to change or include the newly added/improved vwap as an option?
+1 Jawab
Dreadblitz Uni_ve12se
@Uni_ve12se, Hello, I will try to add it this weekend, regards
Yes, the price always returns to the average....but the average isn't a flat line. This creates an optical illusion that the price is always moving toward a static price.
May I know what is the logic for calculating depth ?