OPEN-SOURCE SCRIPT
Atualizado

True Range Outlier Detector (TROD)

5 144
True Range Outlier Detector (TROD) shows you weather or not a candle is larger than normal. This works by taking the normalized true range and if the candle exceeds a score of 0.5 or -0.5 it triggers the outlier detection. This is great for building strategies if you want to refrain from buying larger than normal up or down ticks. The only feature is the ability to change the lookback period of the normalization. I hope you find this as useful as I do!

Enjoy!
Notas de Lançamento
Added a mode that uses open/close
snapshot
Notas de Lançamento
fix on the bool lol whoops
Notas de Lançamento
Face lift and added adjustable levels

Aviso legal

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.