OPEN-SOURCE SCRIPT
Price's Power
Value of Price's Power define the current price is equal to how many times the standard deviation of the Exponential Moving Average
CyclePeriod is the time period to be used in calculating the Exponential Moving Average.
Price's Power cross over zero line: bull power begin stronger.
Price's Power cross under zero line: bear power begin stronger.
Price's Power = 0: market is choppy.
CyclePeriod is the time period to be used in calculating the Exponential Moving Average.
Price's Power cross over zero line: bull power begin stronger.
Price's Power cross under zero line: bear power begin stronger.
Price's Power = 0: market is choppy.
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.
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