OPEN-SOURCE SCRIPT
已更新 Variation Oscillator
The Variation Oscillator is a volatility-type indicator.
This indicator is based on a statistical measure known as coefficient of variation (COV).
COV is a standardized measure of dispersion for a set of values.
COV = 100 * standard deviation / mean
This oscillator measures the difference between COV and its sma and plots this difference.
Formula: Oscillator value = COV - sma of COV
The oscillator is positive when COV is greater than its sma.
The oscillator is negative when COV is lesser than its sma.
How to interpret the indicator's values:
Positive : the current volatility is higher than normal and trading is permitted.
Negative : the current volatility is lower than normal and trading is NOT permitted.
Recommended settings:
Cov = 10
Sma = between 20 and 100
*** If you're reading this and you find this indicator interesting, hit the like button and follow me!
*** Also comments are welcomed!
Happy trading!
This indicator is based on a statistical measure known as coefficient of variation (COV).
COV is a standardized measure of dispersion for a set of values.
COV = 100 * standard deviation / mean
This oscillator measures the difference between COV and its sma and plots this difference.
Formula: Oscillator value = COV - sma of COV
The oscillator is positive when COV is greater than its sma.
The oscillator is negative when COV is lesser than its sma.
How to interpret the indicator's values:
Positive : the current volatility is higher than normal and trading is permitted.
Negative : the current volatility is lower than normal and trading is NOT permitted.
Recommended settings:
Cov = 10
Sma = between 20 and 100
*** If you're reading this and you find this indicator interesting, hit the like button and follow me!
*** Also comments are welcomed!
Happy trading!
發行說明
After receiving feedback, I've decided that the oscillator should have 2 colors: green and red. This makes it easier to read it.How to interpret indicator:
Green - trending; trading is permitted.
Red - consolidation; trading is NOT permitted.
發行說明
Change in colors: Blue - trending, trading is allowed
Gray - consolidation, no trading allowed
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。