PROTECTED SOURCE SCRIPT
Trend Band
The volume-weighted, exponential running mean is computed. It is shown as the thick line. The plus-minus one standard deviation band is also shown with two thinner lines.
In contrast to other RAs, it is the trading volumes that are being processed here instead of the price itself.
For the averaging, the weight of the present relative to the past can be chosen by the user. It’s a number between 0 and 1. There are no other (hidden) parameters.
A price outside the band may be an indication that the security is overbought or oversold. It can also be an indication of a beginning trend. Disclaimer: No miracles!
Two alerts are included and act accordingly.
The color of the mean line comes from the derivative averaged the same way. The second derivative (reversals) is still to come.
In contrast to other RAs, it is the trading volumes that are being processed here instead of the price itself.
For the averaging, the weight of the present relative to the past can be chosen by the user. It’s a number between 0 and 1. There are no other (hidden) parameters.
A price outside the band may be an indication that the security is overbought or oversold. It can also be an indication of a beginning trend. Disclaimer: No miracles!
Two alerts are included and act accordingly.
The color of the mean line comes from the derivative averaged the same way. The second derivative (reversals) is still to come.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.