Where μ is the mean of 14-period price changes and σ is the standard deviation. The output is then clamped to a range of -3 to +3 and converted to a percentage:
// Plotting plotshape(strong_buy, title="Strong Buy", location=location.belowbar, style=shape.triangleup, size=size.small, color=color.new(color.green, 0)) plotshape(strong_sell, title="Strong Sell", location=location.abovebar, style=shape.triangledown, size=size.small, color=color.new(color.red, 0))
// Trend Direction trend_up = close > atl trend_down = close < atl
Where μ is the mean of 14-period price changes and σ is the standard deviation. The output is then clamped to a range of -3 to +3 and converted to a percentage:
// Plotting plotshape(strong_buy, title="Strong Buy", location=location.belowbar, style=shape.triangleup, size=size.small, color=color.new(color.green, 0)) plotshape(strong_sell, title="Strong Sell", location=location.abovebar, style=shape.triangledown, size=size.small, color=color.new(color.red, 0)) Xhmaster Formula Indicator
// Trend Direction trend_up = close > atl trend_down = close < atl Where μ is the mean of 14-period price