OPEN-SOURCE SCRIPT
Dynamic Deviation Levels [BigBeluga]

Dynamic Deviation Levels is an innovative indicator designed to analyze price deviations relative to a smoothed midline. It provides traders with visual cues for overbought/oversold zones, price momentum, levels through labeled deviations and gradient candle coloring.
🔵Key Features:
🔵Usage and Benefits:
Dynamic Deviation Levels [BigBeluga] is an indispensable tool for traders aiming to combine price dynamics, momentum analysis, and visual clarity in their trading strategies.
🔵Key Features:
- Smoothed Midline:
A central line calculated as a smoothed median of the price source, serving as the baseline for price deviation analysis. - Dynamic Deviation Levels:
- Three deviation levels are plotted above and below the midline, with labels (1, 2, 3, -1, -2, -3) marking significant price movements.
- Helps traders identify overbought and oversold market conditions. - Heat-Colored Candles:
- Candle colors shift in intensity based on the deviation level, with four gradient shades for both upward and downward movements.
- Quickly highlights market extremes or stable zones. - Interactive Color Scale:
- A gradient scale at the bottom right of the chart visually represents deviation values.
- A triangle marker indicates the current price deviation in real time. - Optional Deviation Levels Display:
- Traders can enable all dynamic levels on the chart to visualize support and resistance areas dynamically.
🔵Usage and Benefits:
- Identify Overbought/Oversold Zones: Use labeled deviation levels and heat-colored candles to spot stretched market conditions.
- Track Trend Reversals and Momentum: Monitor price interactions with deviation levels for potential trend continuation or reversal signals.
- Real-Time Deviation Insights: Leverage the color scale and triangle marker for live deviation tracking and actionable insights.
- Map Dynamic Support and Resistance: Enable dynamic levels to highlight key areas where price reactions are likely to occur.
Dynamic Deviation Levels [BigBeluga] is an indispensable tool for traders aiming to combine price dynamics, momentum analysis, and visual clarity in their trading strategies.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.