OPEN-SOURCE SCRIPT

Average Distribution of Price

6 805
The original script was posted on ProRealCode by user Nicolas.

It reflects the extreme values of closed price over the last N periods. I add lines treshold that act like frontiers to pretend price are in its extremum values, theses ones are calculated as average of the higher and lower deviation from the N mean.

Because price will always revert to its mean, we can take opposite (contrarian) trades when price crosses upper or lower treshold.

This indicator could even be use for scalping purpose in the same direction of the price when it reach the upper or lower lines.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。