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Signal To Noise Ratio Indicator

This is a trend indicator at its core so combine with rsi or a moving average of your choice to see which direction the stock is trending in.

Only enter a position (long or short) when signal to noise ratio is above the signal line

This is one of my first indicators posted on here so be sure to leave me feedback
Release Notes: updated to match with the rest of my indicators
Release Notes: fixed issue with default resolution

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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