INVITE-ONLY SCRIPT
Shortcut Analysis Ω Palladium
One of the core indicators offered by (ShortcutAnalysis.com), Palladium is the multi-tool of the Shortcut Analysis family.
-It can help identify periods of high or low volatility. High volatility is present when the band is wide and low when it compresses. Extended low volatility can be an indication of explosive volatility coming.
-The signal line attempts to measure oversold/overbought levels. When in the danger zones of the band (shaded darker at top and bottom) it can indicate a reversal is coming. However, extended trends can oscillate out of a danger zone, just to enter again. That's why we have 4 lengths to choose from. You can use these to get confirmation on multiple spans of time.
-It also measures statistical extremes with the 2nd and 3rd deviations above and below. 68% of prices will fall within the band. When they exit that channel, price will either bounce back quickly or the bands will expand to acknowledge a longer-term increase in volatility. Compression on multiple bands are an indicator that a huge increase in volatility is coming.
How to read the indicator:
4 lengths:
Very short - Dionysus
Short - Hermes
Mid - Plutus
Long - Tyche
Signal line (light blue) in the danger zones indicate a likely turn of price in the other direction.
Price line (maroon) passing the 3rd deviation indicates a statistical extreme and can signal either a quick bounce back toward the mean or the beginning of a new trend in that direction.
Compression of the band indicates low volatility and prolonged low volatility can indicate that high volatility is approaching.
Be sure to validate these signals with other indicators. It is not suggested for anyone to use a single indicator when trading.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At Shortcut Analysis, we know that technical analysis can be confusing and overwhelming but we create indicators that are easy to read and act upon so that it doesn’t have to be.
We also believe that trading is better together so we have an exclusive Slack group to share ideas and watchlists, get second opinions on analyses, and celebrate wins together.
Join us today and Stop Guessing; Start Winning!
(ShortcutAnalysis.com)
-It can help identify periods of high or low volatility. High volatility is present when the band is wide and low when it compresses. Extended low volatility can be an indication of explosive volatility coming.
-The signal line attempts to measure oversold/overbought levels. When in the danger zones of the band (shaded darker at top and bottom) it can indicate a reversal is coming. However, extended trends can oscillate out of a danger zone, just to enter again. That's why we have 4 lengths to choose from. You can use these to get confirmation on multiple spans of time.
-It also measures statistical extremes with the 2nd and 3rd deviations above and below. 68% of prices will fall within the band. When they exit that channel, price will either bounce back quickly or the bands will expand to acknowledge a longer-term increase in volatility. Compression on multiple bands are an indicator that a huge increase in volatility is coming.
How to read the indicator:
4 lengths:
Very short - Dionysus
Short - Hermes
Mid - Plutus
Long - Tyche
Signal line (light blue) in the danger zones indicate a likely turn of price in the other direction.
Price line (maroon) passing the 3rd deviation indicates a statistical extreme and can signal either a quick bounce back toward the mean or the beginning of a new trend in that direction.
Compression of the band indicates low volatility and prolonged low volatility can indicate that high volatility is approaching.
Be sure to validate these signals with other indicators. It is not suggested for anyone to use a single indicator when trading.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At Shortcut Analysis, we know that technical analysis can be confusing and overwhelming but we create indicators that are easy to read and act upon so that it doesn’t have to be.
We also believe that trading is better together so we have an exclusive Slack group to share ideas and watchlists, get second opinions on analyses, and celebrate wins together.
Join us today and Stop Guessing; Start Winning!
(ShortcutAnalysis.com)
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡Shortcut_Analysis。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
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。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡Shortcut_Analysis。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
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。