OPEN-SOURCE SCRIPT
Market Trend Oscillator
Aktualisiert
Market Trend Oscillator segments the market into ranged bound and trending aspect. The threshold level segregates both types of market. With higher level, both the risk and reward lower down.
The MTO indicator, is based on Standard Deviation, difference between highest high and lowest low, ATR and ADR. There are two different volatility aspect which are:
The minimum of both these aspects gives an insight into the volatility of the market. To segregate a dynamic value with ATR and ADR is used with the threshold level. Moreover, the volatilities can be smoothed to have a smoother decision making.
The MTO indicator, is based on Standard Deviation, difference between highest high and lowest low, ATR and ADR. There are two different volatility aspect which are:
- Volatility according to the movement of one price e.g. closing price.
- Volatility according to the candles.
The minimum of both these aspects gives an insight into the volatility of the market. To segregate a dynamic value with ATR and ADR is used with the threshold level. Moreover, the volatilities can be smoothed to have a smoother decision making.
Versionshinweise
Market Trend Oscillator segments the market into ranged bound and trending aspect. The threshold level segregates both types of market. With higher level, both the risk and reward lower down.The MTO indicator, is based on Standard Deviation, difference between highest high and lowest low, ATR and ADR. There are two different volatility aspect which are:
- Volatility according to the movement of one price e.g. closing price.
- Volatility according to the candles.
The minimum of both these aspects gives an insight into the volatility of the market. To segregate a dynamic value with ATR and ADR is used with the threshold level. Moreover, the volatilities can be smoothed to have a smoother decision making.
Versionshinweise
Market Trend Oscillator segments the market into ranged bound and trending aspect. The threshold level segregates both types of market. With higher level, both the risk and reward lower down.The MTO indicator, is based on Standard Deviation, difference between highest high and lowest low, ATR and ADR. There are two different volatility aspect which are:
- Volatility according to the movement of one price e.g. closing price.
- Volatility according to the candles.
The minimum of both these aspects gives an insight into the volatility of the market. To segregate a dynamic value with ATR and ADR is used with the threshold level. Moreover, the volatilities can be smoothed to have a smoother decision making.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.