Depth Multiple Time Frame

The price always returns to the average !!!

An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.

thumbs up!!
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


Any chance to add an alert whenever depth is detected?
Thank You
+5 Antworten
Dreadblitz RwTrades
@RwTrades, hello how are you, if possible, in a spare time I add it, greetings
Hi, can i use this on a 4hr chart with the default settings? thanks !!
+2 Antworten
Dreadblitz Carl2021111
@Carl2021111, hi, if you can use it in 4 hours, just set it to be the lowest time frame and the other higher ones, greetings
Carl2021111 Dreadblitz
@Dreadblitz, thanks mate !
MarxBabu Carl2021111
@Carl2021111, very good one chart
Any way to change or include the newly added/improved vwap as an option?
+1 Antworten
Dreadblitz Uni_ve12se
@Uni_ve12se, Hello, I will try to add it this weekend, regards
Yes, the price always returns to the average....but the average isn't a flat line. This creates an optical illusion that the price is always moving toward a static price.
May I know what is the logic for calculating depth ?