Moving average deviation rate

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Moving average deviation rate

Simple moving average deviation rate and standard deviation.

The bollinger band is momentum value standard devition.
Bat the bollinger band is not normal distribution to close price.

Moving average deviation rate is normal distribution.

This indicator is draw Moving average deviation rate and fill area 2σ standard devition.
If it exceeds 2σ, it is a trading opportunity.



Script de código aberto

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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