OPEN-SOURCE SCRIPT
long_avg
This indicator helps you quickly see whether the series has a stationary
mean. For reference, view the indicator on VIX, which is thought to have a
long-term stationary mean. Best used on a monthly chart, since these won't
irritate the candle limit.
The red line traces the long-run mean of the series over time, while the blue
indicates its present value. The purple lines are one-standard deviation from
the mean.
mean. For reference, view the indicator on VIX, which is thought to have a
long-term stationary mean. Best used on a monthly chart, since these won't
irritate the candle limit.
The red line traces the long-run mean of the series over time, while the blue
indicates its present value. The purple lines are one-standard deviation from
the mean.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.