OPEN-SOURCE SCRIPT
Exhaustion Table [SpiritualHealer117]
A simple indicator in a table format, is effective for determining when an individual stock or cryptocurrency is oversold or overbought.
Using the indicator
In the column "2σ", up arrows indicate that the asset is very overbought, down arrows indicate that an asset is very oversold, and an equals sign indicates that the indicator is neutral.
In the column "σ", up arrows indicate that the asset is overbought, down arrows indicate that an asset is oversold, and an equals sign indicates that the indicator is neutral.
What indicator is
The indicator shows the exhaustion (percentage gap between the closing price and a moving average) at 5 given lengths, 15, 30, 50, 100, and 300. It compares that to two thresholds for exhaustion: one standard deviation out and one two standard deviations out.
Using the indicator
In the column "2σ", up arrows indicate that the asset is very overbought, down arrows indicate that an asset is very oversold, and an equals sign indicates that the indicator is neutral.
In the column "σ", up arrows indicate that the asset is overbought, down arrows indicate that an asset is oversold, and an equals sign indicates that the indicator is neutral.
What indicator is
The indicator shows the exhaustion (percentage gap between the closing price and a moving average) at 5 given lengths, 15, 30, 50, 100, and 300. It compares that to two thresholds for exhaustion: one standard deviation out and one two standard deviations out.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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