OPEN-SOURCE SCRIPT
Depth Multiple Time Frame
The price always returns to the average !!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.
thumbs up!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.
thumbs up!!
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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