OPEN-SOURCE SCRIPT
LinearityFinder
This indicator allows you to filter the chart from probable chaotic movements.
I use Stochastic oscillator mixing of Standard deviation and smoothed Volume .
When the standard deviation is higher than the volume , it is worth waiting for linear movements.
When the volume is above the standard deviation, it is worth waiting for chaotic movements.
Work on the indicator is in progress. I can make minor changes.
I use Stochastic oscillator mixing of Standard deviation and smoothed Volume .
When the standard deviation is higher than the volume , it is worth waiting for linear movements.
When the volume is above the standard deviation, it is worth waiting for chaotic movements.
Work on the indicator is in progress. I can make minor changes.
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.
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.