OPEN-SOURCE SCRIPT
Trend Analysis with Standard Deviation by zdmre
This script analyzes trends in financial markets using standard deviation.
The script works by first calculating the standard deviation of a security's price over a specified period of time. The script then uses this standard deviation to identify potential trend reversals.
For example, if the standard deviation of a security's price is high, this could indicate that the security is overvalued and due for a correction. Conversely, if the standard deviation of a security's price is low, this could indicate that the security is undervalued and due for a rally.
The script can be used to analyze any security, including stocks, bonds, and currencies. It can also be used to analyze different time frames, such as daily, weekly, and monthly.
How to Use the Script
To use the script, you will need to specify the following parameters:
Time frame: The time frame you want to analyze.
Standard deviation: The standard deviation you want to use.
Once you have specified these parameters, the script will calculate the standard deviation of the security's price over the specified time frame. The script will then use this standard deviation to identify potential trend reversals.
#DYOR
The script works by first calculating the standard deviation of a security's price over a specified period of time. The script then uses this standard deviation to identify potential trend reversals.
For example, if the standard deviation of a security's price is high, this could indicate that the security is overvalued and due for a correction. Conversely, if the standard deviation of a security's price is low, this could indicate that the security is undervalued and due for a rally.
The script can be used to analyze any security, including stocks, bonds, and currencies. It can also be used to analyze different time frames, such as daily, weekly, and monthly.
How to Use the Script
To use the script, you will need to specify the following parameters:
Time frame: The time frame you want to analyze.
Standard deviation: The standard deviation you want to use.
Once you have specified these parameters, the script will calculate the standard deviation of the security's price over the specified time frame. The script will then use this standard deviation to identify potential trend reversals.
#DYOR
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
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