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AlexD169

LinearityFinder

AlexD169  
Oscillators
14
0
oscillator
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.
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.

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