OPEN-SOURCE SCRIPT
Compare std level
It is used to compare symbol with different magnitudes and volatilities. It is compared by the level within its range of standard deviations.
Visually, we are comparing where the price is in its Bollinger Band , for each symbol.
100 means that the price is near the upper band. 0 means that the price is near the lower band
Visually, we are comparing where the price is in its Bollinger Band , for each symbol.
100 means that the price is near the upper band. 0 means that the price is near the lower band
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 publication is governed by House rules. You can favorite it to use it on a chart.
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