Deviation Master

Deviation Master, Revision 1, 18Dec2021

1. Deviation Master, an indicator for Trend Analysis.

2. Deviation Master presents itself in the form of solid candles without upper and lower tails.

3. Deviation Master can be used to detect potential Top Deviation and Bottom Deviation, besides being able to show the up or down trend.

4. Top Deviation : while price is moving up, Deviation Master is moving down, as shown in the attached chart.

5. Bottom Deviation : while price is moving down or moving side way, Deviation Master is moving up, as shown in the attached chart.

6. During an up trend, Deviation Master typically will be above 0 and follows the trend, vice versa.

7. When Deviation Master is moving up from below 0 , towards 0, and crossover 0, it can be a potential bottom catch.
When Deviation crossover 0, typically, price candle may crossovers EMA21 or stands above EMA21.

Default band is 0, user can turn on two additional levels per user input value if there is a need.
User can turn on Deviation Master's EMA of 5,13,21,34 or user-input respectively. Shown on chart is EMA21 for reference.

8. User can turn on the Rainbows to see the changes of Deviation Master.
During an uptrend, green colour rainbows may spread out upwards. During a downtrend, red colour rainbows may spread out downwards.

9. User can turn on to show table to candle status and value.

10. User can turn on the alerts to show Green turns Red or Red turns Green alerts. Do note that only past 50 bars' alerts will be shown.

11. With the publish of Deviation Master, the author has laid the basic sets of Banker/Smart Money related indicators, namely
Chips Master, BBD Master, MCDX Plus, Trend Master, Ladder Master, Deviation Master
Chips Master for studying chips accumulating by banker/smart money
BBD Master for studying the big buy deviation by banker/smart money
MCDX Plus for studying the profitable and locked chips
Trend Master for studying the Trends
Ladder Master for studying the Trends reversal (mid term) and short term entry/exit
Deviation Master for studying the Top and Bottom Deviation.

Disclaimer :
1. Attached chart is for the purpose of illustrating the indicator, no recommendation of buy/sell.

2. Based on feedback received wrt previously published indicators by the author, namely:
open source code : Chips Master, BBD Master, MCDX Plus, and Trend Master

there may be unethical individual with no respects of author's effort and intellectual property, either
a. claiming the published indicators as theirs, for their own business purpose, or
b. claiming paying the author to develop the scripts, for their own business purpose, or
c. modify the scripts for their own business purpose

In view of this, the scripts will be locked for the time being to prevent those unethical malpractice.
Public users can still use the indicator for their technical analysis. Hope this help.