MTF BB%+ [Osc] [Intromoto] — Indicator by Intromoto

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.

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Release Notes:

Style changes and added input variables for plotshape thresholds

Release Notes:

Style changes

Release Notes:

Style changes, and added ability to change type of MA

Release Notes:

Changed reversion reference to upper and lower standard deviations instead of mean.

Release Notes:

Script notes clarification.

Release Notes:

Clarification and style change. Removed unnecessary code.

Release Notes:

Added divergences

Release Notes:

Style changes.

Release Notes:

Added alerts to main bull/bear crosses

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Intromoto for more information, or follow the author's instructions below.

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Author's instructions

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Warning: please read before requesting access.