OPEN-SOURCE SCRIPT
Updated Moving average deviation rate
Moving average deviation rate
Simple moving average deviation rate and standard deviation.
The bollinger band is momentum value standard devition.
Bat the bollinger band is not normal distribution to close price.
Moving average deviation rate is normal distribution.
This indicator is draw Moving average deviation rate and fill area 2σ standard devition.
If it exceeds 2σ, it is a trading opportunity.
移動平均かい離率と、２σのバンドです。
ボリンジャーバンドは移動量の標準偏差を描画しますが、終値はボリンジャーバンドに対して正規分布を描きません。
移動平均かい離率は、標準偏差に対して正規分布を示します。
かい離率２σを超えた場合、トレードチャンスです。
Simple moving average deviation rate and standard deviation.
The bollinger band is momentum value standard devition.
Bat the bollinger band is not normal distribution to close price.
Moving average deviation rate is normal distribution.
This indicator is draw Moving average deviation rate and fill area 2σ standard devition.
If it exceeds 2σ, it is a trading opportunity.
移動平均かい離率と、２σのバンドです。
ボリンジャーバンドは移動量の標準偏差を描画しますが、終値はボリンジャーバンドに対して正規分布を描きません。
移動平均かい離率は、標準偏差に対して正規分布を示します。
かい離率２σを超えた場合、トレードチャンスです。
Release Notes
I've updated to the code you updated on the forum.thank you @rendfirst(jp.tradingview.com/u/trendfirst/)
1) Added color when the rate crosses over the upper or lower boundaries. I find a bright color helps me spot the crossover better.
2) Changed the standard deviations from a fixed value of 2 to user input.
3) Converted to v5.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.