OPEN-SOURCE SCRIPT
Moving Average with 3 Std deviations - #ChannelDaytrading on YT
Use this script to identify the maximum Risk. If the price goes beyond 2 or 3 standard deviation in the opposite direction, get out.
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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