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Deviation

Ergodic Mean Deviation Indicator [CC]The Ergodic Mean Deviation Indicator was created by William Blau and this is a hidden gem that takes the difference between the current price and it's exponential moving average and then double smooths the result to create this indicator. This double smoothing of course creates a lag that allows it to give off a sustained buy signal during a bullish trend and vice versa. This is a very fun indicator to experiment with and surprised that no one on here gives William Blau much attention so I will go ahead and publish the rest of his scripts eventually. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Pine Script™ indicator
by cheatcountry
6
[UPRIGHT Trading] Top & Bottom Finder [Premium]Hello Traders, Today I'm releasing an updated version of my previous Top & Bottom Finder (M.Right_Top & Bottom Finder 1.0). The timing of this release couldn't be more perfect with everyone trying to 'find the bottom'. And the increased volatility that we've been seeing as of late. Essentially, my indicator uses volatility and standard deviations among other things to assist you in finding the top or bottom of trends. You may also notice that it uses a lot of different strength indicators to provide an additional layer of complexity and confirmation. Not just an RSI, but an RSI ema, smoothed OBV RSI's, and other volume RSI's. This is a truly unique and powerful tool for any Trader - whether you've just started or you've been trading for 20 years, I'm confident you will find value in the UPRIGHT Trading Top & Bottom Finder. How to use it: When it detects the trend Bottoming or Topping the histogram will change color. Bottom - Green/blue, Top - Red, (different shades of colors for different types of detection). I've spent several hours tweaking the calculations and filters to enhance the accuracy, so this will be a noticeable upgrade from my original Top & Bottom Finder. The length of the histogram bar can be an indication in itself, especially when it lines up close to one of the plotted lines and has noticeable direction change following this. I've added a lot of text and pictures to help display it's capabilities, features, and customizability. As always, it's fully customizable with alerts. Can toggle any thing on or off, and change the colors to suit your style. 3 Unique RSI's, different colors on the histogram will show different levels of detection. Some are more accurate in some timeframes than others. Bright Green and Bright Red are the most different from the rest. I've jam-packed this indicator with Buy/Sell and Confirmation Signals and even background highlights (with colors that can mesh together). Feel free to find what works best for you. RSI color indications and background highlights aid in confirmation. Also, as mentioned previously, sometimes a gray bar will land on a Fib and it will be a bottom signal. The above chart should look like this Good luck Traders, Cheers, Mike (UPRIGHT Trading)
Pine Script™ indicator
by UPRIGHTTrading
13
Ehlers Deviation Scaled Super Smoother [CC]The Deviation Scaled Super Smoother was created by John Ehlers and this is an excellent moving average that changes direction very quickly and can keep up with the current underlying trend. This indicator works by applying a Hann Windowed Moving Average to the stock's momentum and scaling that by the Root Mean Square and then using that value in the input for a Super Smoother . I have included strong buy and sell signals in addition to normal ones so lighter colors are normal signals and darker colors are strong ones. Buy when the line turns green and sell when it turns red. Let me know if there are any other scripts you would like to see me publish!
Pine Script™ indicator
by cheatcountry
7
Volume TrendsThis script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #. Similarly, large volume bars are plotted in terms of st dev above the long term MA. Very useful in spotting capitulation bottoms and/or blow-off tops.
Pine Script™ indicator
by imbes2
M.Right_Top & Bottom Finder 1.0Thank you @Lazybear for the calculations for squeeze and BB, and all of the other great pine-coders who inspired me to create my own indicator to share! This is the result of hours of work learning to code pine and tweaking until everything fits exactly what I was looking for. After using it for a while and seeing the benefits personally, I figured now might be a good time to share with everyone while we are in such great market volatility, maybe I can save you some losses. Basically, my indicator is meant to use volatility and standard deviations to show you the top and bottom of trends. It does indeed work on lower timeframes, I typically use it on 5m, 30m, 4hr, and 1d. What to look for: When it detects the trend bottoming it will send a green histogram bar down, I also created a different shade green for even more likely bottoms. When it detects the top of the trend it will send a red bar up, I have a brighter red for more certain tops. The length of the histogram bar is also an indication as well. Sometimes there will be a reversal while still just showing the gray bar. I just added alerts, so hopefully those work. If not, I will update. Let me know if you have any questions, and enjoy. Cheers!
Pine Script™ indicator
by UPRIGHTTrading
1
Bias(Deviation Rate)Deviation rate (BIAS), by calculating the distance between the closing price and a moving average to reflect the reversal created by the degree of deviation between the price and the moving average during a certain period of time. Above the zero axis is called positive deviation and belongs to the bullish zone, while below the zero axis is called negative deviation and belongs to the bearish zone. Regardless of whether it is a positive deviation or a negative deviation, whenever the gap between the stock price and the moving average becomes larger, it means that the stock price has an overbought/oversold condition, and a high probability will result in a reversal.
Pine Script™ indicator
by SmartYoloPro
4
Tradingview ToolkitA new trader's biggest barrier to entry is lack of understanding where they are in terms of time and price and with tradingview free they are often limited to just 1 or 2 extra indicators as many new traders slap on RSI and MACD as 2/3 free ones. While these indicators are fine for trend analysis, its important to know where the price is in relation to time. Thus, this all-in-one script is meant to have a lot of customizable utility to save on indicator spots and act as a hotspot for many common needs. -2 Sets of VWAP line w/ standard deviation bands with customizable timeframes. -1 more customizable timeframe VWAP line (no std dev bands) to use as a long time frame reference -Ability to plot previous VWAP close prices over current timeframe on all VWAP lines w/ basic color changing if price closes above/below -2 Sets of Bollinger Bands with customizable source length and MA type -3 customizable moving averages with custom timeframe/resolutions -Inside candle barcolor repainter to easily notice if a candle was inside the range of the previous candle (price contraction) Not meant to have everything on at once, but simply a place to enable and disable different things and save spots for more important things
Pine Script™ indicator
by imbes
2
HuD DE | TEHuD DE | TE Expert is a combination of two indicators. 1. DE or Deviation Expert DE is based on ema5 and ema20. This MA algorithm is to filter signals such as trend and convergence/divergence. It is represented by HA Candles. There are 4 signals to assist traders in making decisions i. Golden Cross = possible entry point ( Green Triangle ) ii. Death Cross = possible exit point ( Red Triangle ) iii. Cross Up Level 0 = look for Buy opportunity ( Green Diamond ) iv. Cross Down Level 0 = look for Sell opportunity ( Red Diamond ) There are also ema lines to monitor the movement of current candle movement. 2. TE or Trend Expert TE is based on ema5 movement to assist traders to see the overall trend of chart movement. The movement is represented by HA Candles. There are 4 ema's lines to monitor HA Candles movements. This lines act as support / resistance which can assist traders to see the current trend of the chart. For example, if line is green ( Uptend) and the next candle drop below the first green ema lines, next line (ema10) acts as support. If next candle breaks ema10, we can consider making an exit plan. Or for swing traders, they can consider waiting until candle drop below ema50 ( purple line ) before deciding to exit. Note: This indicator setting only suitable for Bursa Malaysia market.
Pine Script™ indicator
by Hud_Hud
10
SKYNET buy/sell 2.0The SKYNET buy/sell 2.0 indicator generates buy and sell signals based on the following conditions: **Anchor line : This anchor line is calculated based on certain parameters. The anchor line is calculated in such a way that the stock/instrument moves around this anchor line. The calculation of the anchor line uses a look back period which is set to 9 by default. The user can go to the indicator settings and change it to suit their trading style. Note: 1) As the look back period increases, the number of signals generated on the chart decreases. 2) This indicator will only work on charts/stocks/instruments which are actually traded in the market i.e actual contracts of the stock/instrument is traded in the market. Hence, it will not work on indexes. BUY signal: When the stock/instrument deviates to the upside of the anchor line by a specific margin, the Buy signal is generated. SELL signal: When the stock/instrument deviates to the downside of the anchor line by a specific margin, the Sell signal is generated. Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
Pine Script™ indicator
by skynet970
8
Risk Position Sizing tool using Coefficient of VariationA way to manage portfolio risk using relative standard deviation, also known as coefficient of variation. This tool tells you how much of each stock in shares and in value to buy adjusted for their volatility risk for a given starting account capital. A problem many people have is how to diversify an account and adjusting it for the risk involved in each equity. Many would put in an equal amount of capital value into each share but is it really equal if some equities have more risk than others? A solution is to adjust the portfolio by giving less weight to those that are more volatile or risky. It's done by using a starting percent of the account, preferably a small percent of it, and buying up shares with that same amount for each equity. Each equity will also be divided by the COV to risk adjust the portfolio by giving less weight to the more volatile stocks. This is done until as much of the initial capital in the account as possible is spent. COV is how far away the price is from the mean or average. The further the price is from the mean the more risk or volatility there is. It uses standard deviation in its calculation. The problem with SD and ATR is that they are not relative to the past or to other equities to compare to. An application where COV can be used is risk portfolio management formulas. This does not take into account correlation or other equation parts in some portfolio management formulas but only the risk or volatility, the default volatility length is mostly arbitrary, and the lower risk stocks may end up being the slowest in performance. The text label will show how many shares will be bought and how much value each equity will have. At the end it will show the initial capital that was started off with, the total shares bought, the total value of all the shares, and the amount of capital left over. If the sources are not blank then they will be used, to blank them you will need to reset the settings to default otherwise they might still be read. If you want to add more than the given 10 equity spaces to the portfolio then you will need to add in the code manually and add it to the chart. The denominator is perhaps the important part in these types of risk position sizing tools, you can change to other things such as risk-reward ratio instead of volatility or change the volatility type, etc.
Pine Script™ indicator
by SparkyFlary
5
VWAP Alerts V3VWAP Alerts signal over bought/over sold conditions, relative to volume weighted average price, while deviation bands plot an extremely accurate point of mean reversion. VWAP Alerts V3 includes multiple timeframe selection, along with multiplier input for deviation band setting Alerts can be set for each individual band, for extreme oversold/overbought conditions, use "Vwap Low Deviation 4" and "Vwap High Deviation 4". Alerts can also be set for VWAP bounces, by simply setting "VWAP Alert"
Pine Script™ indicator
by dysrupt
9
Enhanced Sigma by Cryptorhythms [CR]Enhanced Sigma by Cryptorhythms Sigma is basically the deviation of returns compared to past returns. The higher / lower the value, shows you how deviated from the average this current bars returns are. While perhaps not usable as a complete strategy for entering and exiting, its still quite useful and informative. It can give interesting signals as to potential turning points in price action. This behavior extends to all timeframes both long term and short term. There are 2 overbought and oversold zones here inthe indicator. One is adaptive and will change to suit the shorter term giving your extra potential signals. The fixed line shows a general level for highly deviated values. Expect a number of further totally unique and exclusive sigma based indicators from CR in the near future. We are nowhere near done extracting the alpha from this concept! How to get access This indicator is available for standalone purchase or as part of our subscription options. Please see my signature or profile for more information or contact me directly.
Pine Script™ indicator
by theheirophant
14
B3 HL2MA Painter ~ Extremely Smooth Average & Bar PaintMy HL2MA is a 'proprietary' formula based on the idea that I never again want to see a jagged average line. I released a version of this a long time ago, but I wanted to update it to how I have it on my charts in other platforms. Here are some notes about this moving average script: The default input value is 5, and I suggest the range of use 4-6 with the rare occasion of using 3 or 7. For me 5 is what I use UNLESS I AM IN A TRADE, then I might switch to 4 if I have some profits to lock, or 6 if I want to stay in for a lengthier trade. This average when kept within the above parameters is the smoothest MA in my arsenal, HL2 refers to the middle of the candles which further de-noises the line. The colors are green/red for good movement with the confirmed trend. The colors are gray for movement against the current trend (signaling a possible mean reversion) The colors blue & yellow appear when signaling possible chop or trend exhaustion. Carried forward from the last time I posted this, the bias for longs and shorts is depicted as the color of the average line green or maroon, and ALERTS are based on that overall bias created the line by itself. Also carried from the last post, the green and maroon clouds depict the price deviance from the line; when the cloud stretches wide it may be time to take profits and enter back in closer to the line. Thanks again for liking and following!!!! This share is in response to my 10,000th like on TradingView! Favorite this one, and enjoy :-)
Pine Script™ indicator
by HammondB3
2
Exponential Deviation Bands Width [ChuckBanger]This indicator is a compliment to Exponential Deviation Bands . It is the difference between the upper and the lower bands divided by the middle band. It is an easy way to visualize consolidation before price movements or periods of higher volatility. How it works During a period of high volatility, the distance between the two bands will widen and Exponential Deviation Bands width will increase. And the opposite occurs during a period of low volatility, the distance between the two bands will contract and Exponential Deviation Bands width will decrease. Meaning there is a tendency for bands to alternate between expansion and contraction. When the bands are relatively far apart, that is often is a sign that the current trend is ending. When the distance between the two bands is relatively narrow that often is a sign that the market is about to initiate a bigger move in either direction.
Pine Script™ indicator
by ChuckBanger
MAD v1 [Intromoto]Hey traders, This script shows a plotshape on candles, respective of deviation % from the chosen moving average. The further price is from the MA, theoretically, the faster and more reliably price should return to that moving average or close to it. Users have the following inputs: - Type of MA to measure the deviations from, i.e EMA, SMA, WMA, VWMA. - Accompanying moving averages for reference. Fast, med, slowest - Offset - AVP resolution - AVP length - Use without AVP or other filter - Use with AVP filter - Hide/Show High Deviations - Hide/Show Medium-High Deviations - Hide/how Smallest High Deviations - Hide/Show Smallest Low Deviations - Hide/Show Medium-Low Deviations - Hide/Show Low Deviations - Optional size adjustment for low % deviations, used for lower time frames There are individual plotshapes from deviation percentages in brackets between percentages in both directions of the moving average. i.e 1%-2%, 2%-3%, etc, up to 20% whereby there is a plotshape for all deviations about 20% above the MA and one plotshape for all deviations below -20% below the MA The plotshapes are color coded from pink and blue . The style menu is setup to show the deviations as they would appear at their respective height above or below the MA. The current filter is a calculation of the average difference between all bars over the length input. Depending on what time frame you trade within, it may be suggested that these signals are more likely to assist with long exits than short entries, but I have used it for both successfully under certain time frames. Checking off the "Trading Below 3m" box changes the size of the smaller deviations from auto to tiny, which are more visible. I'll be adding and testing different filters applied to reduce deviation signals that are heavily against the trend or discounting larger time frame momentum. This script, especially the filters I have and will continue to add are experimental. Please use at your own risk. Thanks for your time! Please PM me for access.
Pine Script™ indicator
by Intromoto
1
SSHSH_DevVolatility is a market pulse, like breathing. And it's deviations is being considered as a signal attenuation. When You want to know how far is the current price of it's mean value, You can use this indicator to determine 3-sigma rule. The mean line (like moving average) shows if the market is in it's UpTrend state or the DownTrend state. When it hits it's upper level - so we can say that the Uptrend has ended. The vice versa for the DownTrend. Use it with the faster tuning when You trade the higher timeframes, and with the slower tuning on a lower timeframes. {PM me in TradingView to arrange subscription access}
Pine Script™ indicator
by super-hsh