PROTECTED SOURCE SCRIPT
Updated Volume Standard Deviation Outlier
This indicator detects outlier volume by calculating the standard deviation instead of percentile or percentage. This allows a farther lookback and tweaking of accuracy by using fewer calculations.
Percentile to Standard Deviation Cheat Sheet (Percentile, STD)
50th Percentile (Average),0.0
60th Percentile,0.25
75th Percentile,0.70
90th Percentile,1.30
95th Percentile,1.65
Percentile to Standard Deviation Cheat Sheet (Percentile, STD)
50th Percentile (Average),0.0
60th Percentile,0.25
75th Percentile,0.70
90th Percentile,1.30
95th Percentile,1.65
Release Notes
This indicator detects outlier volume by calculating the standard deviation instead of percentile or percentage. This allows a farther lookback and tweaking of accuracy by using fewer calculations.Percentile to Standard Deviation Cheat Sheet (Percentile, STD)
50th Percentile (Average),0.0
60th Percentile,0.25
75th Percentile,0.70
90th Percentile,1.30
95th Percentile,1.65
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.