OPEN-SOURCE SCRIPT
Open-Close Diff with Bollinger Bands (Up to 8σ)
1. what this code does
This code does the following
Calculates the difference (diff) between the open (opening) and close (closing) prices
The direction and magnitude of the price change for each candle.
Calculate Bollinger bands from ±3σ to ±8σ
Calculated based on moving average (basis) and standard deviation (stdDev)
Calculates the upper and lower limits of the Bollinger Bands and plots the lines at each σ level (3σ to 8σ).
Changes background color when the Bollinger Band is exceeded.
For example, if the diff is between ±3σ and ±4σ, the background is changed in red or blue.
When a value reaches a Bollinger Band outside of the more outer Bollinger Band (e.g., ±8σ), the transparency of the background color changes to visually highlight the anomaly.
This code does the following
Calculates the difference (diff) between the open (opening) and close (closing) prices
The direction and magnitude of the price change for each candle.
Calculate Bollinger bands from ±3σ to ±8σ
Calculated based on moving average (basis) and standard deviation (stdDev)
Calculates the upper and lower limits of the Bollinger Bands and plots the lines at each σ level (3σ to 8σ).
Changes background color when the Bollinger Band is exceeded.
For example, if the diff is between ±3σ and ±4σ, the background is changed in red or blue.
When a value reaches a Bollinger Band outside of the more outer Bollinger Band (e.g., ±8σ), the transparency of the background color changes to visually highlight the anomaly.
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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