Shizaru

Average Distribution of Price

180 0 23
The original script was posted on ProRealCode by user Nicolas.

It reflects the extreme values of closed price over the last N periods. I add lines treshold that act like frontiers to pretend price are in its extremum values, theses ones are calculated as average of the higher and lower deviation from the N mean.

Because price will always revert to its mean, we can take opposite (contrarian) trades when price crosses upper or lower treshold.

This indicator could even be use for scalping purpose in the same direction of the price when it reach the upper or lower lines.
Remove from Favorite Scripts Add to Favorite Scripts
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out