Several tests of market efficiency have been developed over the years. The very first test, constructed by Louis Bachelier in 1900, measured the probability of a number of consecutively positive or consecutively negative price changes, or “runs.” The randomness of runs is rejected with 95 percent statistical confidence whenever the plotted value is greater than 0....
The Curve by Atilla Yurtseven This indicator uses real empirical rule (68 - 95 - 99.7 rule). This is not a Bollinger Band indicator. I know BB is a very good indicator however it's unreliable. First of all, I believe that price is not in a normal distribution. When you plot the histogram, you can not see a nice bell curved shape. It's know that bollinger bands...
HELLO EVERYONE ! I created this indicator to simplify my life in the study of the bollinger bands on a multi-time frame optics. It works exactly like the bollinger bands %B you have of defaul inside tradingwiew; BUT you can choose via an integrated button that I integrated if you see the indicator on the chart timeframe or a custom time frame, which can be...
Hello everyone , I want to share with the comunity my work for look BB %B in a different timeframe without having to change it every time. I had done to look and study different or multi timeframe a BB %B I have programmed the script so that it is completely identical to the default one of tradingwiew to simplify its use at all. I hope this work can be useful...
A Z-score is a numerical measurement of a value's relationship to the mean in a group of values. If a Z-score is 0, it represents the score as identical to the mean score. Z-scores may also be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean. Positive and negative scores also...
Use this custom indicator for free to help you find good entries and exits while day or swing trading. It also works well with longer time frames. Add it to your favorites to use it. If you have any feedback, feel free to leave a comment or click the like button. If you would like to talk about scripting and bots, feel free to join my discord: discord.gg
Support Resistance points that are calculated based on the standard deviation of the traditional pivot point(previous session's high, low and close). More often stocks tend to oscillate between 3 levels of deviation forming day's high or low. A breakout of the 3rd SR level with volume indicates a strong trend day.
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
This latest editon in the series of -=The Script=- The pre-weighted values are optimized for crypto and this one uses a custom indicator: • Heartbeat Indicator The settings for this strategie use: • Chart Period • Strategy Period • Signal Lenght • Aggressiveness DISCLAIMER: The creators of these script are not financial advisors, and as...
Corrected Relative Volatility Index. This indicator was originally developed by Donald Dorsey (Stocks & Commodities V.11:6 (253-256): The Relative Volatility Index). The indicator was revised by Dorsey in 1995 (Stocks & Commodities V.13:09 (388-391): Refining the Relative Volatility Index). I suggest the refined RVI with optional settings. If you disabled...
Excelente indicador a mi parecer, bastante complejo pero muy bien acoplado; dejo aquí las fuentes para aprender a utilizarlo: www.x-trader.net www.x-trader.net www.x-trader.net www.x-trader.net
Welcome to the second version of the BBLathe! This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2...
I was curious to see what Pine uses to accumulate numbers. It looks like it uses the simple "add em up" approach, rather than a compensated summation. This means that especially for large numbers, there is an inherent error amount. This script implements the Kahan Summation Algorithm, also known as compensated summation. en.wikipedia.org This is part 2 of my...
While trying to figure out how to make the STDEV function use an exponential moving average instead of simple moving average , I discovered the builtin function doesn't really use either. Check it out, it's amazing how different the two-pass algorithm is from the builtin! Eventually I reverse-engineered and discovered that STDEV uses the Naiive algorithm and...
The same as my previous Exponential Bollinger Bands script, but now you can set a desired offset for the indicator. I have published this as a new script that way those who prefer the old script can continue to use it without seeing any changes.