AMEX:SPY   SPDR S&P 500 ETF TRUST
purple color says risk is high.

Comments

What is that indicator? How to know if a candlestick should be red, green or purple?
+2 Reply
SLOPolarBear vietlong98
@vietlong98, They typically use standard deviation. When price action is 3 standard deviations 'above' normal, it represents about 1% of the price action for the period being measured. In other words, there's a strong incentive for price to revert to the mean (avg) -- or decline.
+3 Reply
vietlong98 SLOPolarBear
@SLOPolarBear, thanks mate! I got the point.
Reply
AlexWe1992 SLOPolarBear
@SLOPolarBear, @vietlong98
Everything in this chart is script generated; but no standart deviation is used; I gave you acces to test it.
+4 Reply
SLOPolarBear AlexWe1992
@AlexWe1992, What's the metric for valuation?
+1 Reply
vietlong98 AlexWe1992
@AlexWe1992, Oh I see. Thanks for your generosity, I'll check it!
Reply
ShinobiTrading AlexWe1992
@AlexWe1992, Hi, Can I also get access to the script?
Reply
Would like to test the script too.

Many thanks.
Reply
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