This indicator is based around BB%, essentially showing where deviations are within price over time.
Plotshapes are printed when exiting extremes of the deviations, back towards the mean.
Arrows indicate an increased likelihood of price reverting direction. Red arrow =bearish, green arrow = bullish.
Dots on the top and bottom of the oscillator show a sub level of reversion that would be perhaps less extreme than when price reenters the norm from the normal standard deviation.
Users can also change the timeframe of the indicator for high time frame signals.
Barcolors for plotshapes included.
DM for access
Thanks
Plotshapes are printed when exiting extremes of the deviations, back towards the mean.
Arrows indicate an increased likelihood of price reverting direction. Red arrow =bearish, green arrow = bullish.
Dots on the top and bottom of the oscillator show a sub level of reversion that would be perhaps less extreme than when price reenters the norm from the normal standard deviation.
Users can also change the timeframe of the indicator for high time frame signals.
Barcolors for plotshapes included.
DM for access
Thanks
Sürüm Notları:
Style changes and added input variables for plotshape thresholds
Sürüm Notları:
Style changes
Sürüm Notları:
Style changes, and added ability to change type of MA
Sürüm Notları:
Changed reversion reference to upper and lower standard deviations instead of mean.
Sürüm Notları:
Script notes clarification.
Sürüm Notları:
Clarification and style change. Removed unnecessary code.
Sürüm Notları:
Added divergences
Sürüm Notları:
Style changes.
Sürüm Notları:
Added alerts to main bull/bear crosses