PROTECTED SOURCE SCRIPT
Updated Marky's LTI
This indicator uses a combination of normalized Bollinger Bands and Z-scores to detect trend strength and direction. It calculates the difference between the price and a moving average, scaling it by volatility and statistical significance. These two values are smoothed, combined, and then normalized to a -1 to 1 range, where values closer to 1 indicate a strong positive trend, and values closer to -1 indicate a strong negative trend.
Release Notes
.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.