OPEN-SOURCE SCRIPT
LinearityFinder
This indicator allows you to filter the chart from probable chaotic movements.
I use Stochastic oscillator mixing of Standard deviation and smoothed Volume .
When the standard deviation is higher than the volume , it is worth waiting for linear movements.
When the volume is above the standard deviation, it is worth waiting for chaotic movements.
Work on the indicator is in progress. I can make minor changes.
I use Stochastic oscillator mixing of Standard deviation and smoothed Volume .
When the standard deviation is higher than the volume , it is worth waiting for linear movements.
When the volume is above the standard deviation, it is worth waiting for chaotic movements.
Work on the indicator is in progress. I can make minor changes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.