PROTECTED SOURCE SCRIPT
AUTOSTDV
This indicator plots Standard Deviation projections to help traders with top ticking and bottom ticking market reversals. It automatically identifies market structure to draw both Manipulation and Distribution legs.
The script uses a custom algorithm to detect Major Highs and Major Lows based on pivot relationships. Once a major reversal is confirmed (via a break of a prior small pivot structure), the indicator calculates the standard deviation of the "Manipulation Leg" (the move leading into the pivot) and the "Distribution Leg" (the initial move away from the pivot) to project exhaustion targets.
**Features:**
* **Dual Leg Analysis:** Visualizes both the setup phase (Manipulation) and the expansion phase (Distribution).
* **Dynamic Settings:** automatically adjusts calculation lengths based on the timeframe to filter noise.
* **Timeframe Specific:** This indicator is optimized and restricted to work on the following timeframes: **5m, 15m, 30m, 1h, 2h, and 4h**.
* **Clean Visuals:** Hides raw pivot data to focus purely on the projection levels.
**Disclaimer:** I am not liable for any losses or financial damages resulting from the use of this indicator. Trading involves significant risk, and this tool is for educational purposes only. Past performance is not indicative of future results.
The script uses a custom algorithm to detect Major Highs and Major Lows based on pivot relationships. Once a major reversal is confirmed (via a break of a prior small pivot structure), the indicator calculates the standard deviation of the "Manipulation Leg" (the move leading into the pivot) and the "Distribution Leg" (the initial move away from the pivot) to project exhaustion targets.
**Features:**
* **Dual Leg Analysis:** Visualizes both the setup phase (Manipulation) and the expansion phase (Distribution).
* **Dynamic Settings:** automatically adjusts calculation lengths based on the timeframe to filter noise.
* **Timeframe Specific:** This indicator is optimized and restricted to work on the following timeframes: **5m, 15m, 30m, 1h, 2h, and 4h**.
* **Clean Visuals:** Hides raw pivot data to focus purely on the projection levels.
**Disclaimer:** I am not liable for any losses or financial damages resulting from the use of this indicator. Trading involves significant risk, and this tool is for educational purposes only. Past performance is not indicative of future results.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.