Dreadblitz

Depth Multiple Time Frame

The price always returns to the average !!!

An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations.


thumbs up!!
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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Comments

Any chance to add an alert whenever depth is detected?
Thank You
+5 Reply
Dreadblitz RwTrades
@RwTrades, hello how are you, if possible, in a spare time I add it, greetings
Reply
Hi, can i use this on a 4hr chart with the default settings? thanks !!
+2 Reply
Dreadblitz CarlORourke
@CarlORourke, hi, if you can use it in 4 hours, just set it to be the lowest time frame and the other higher ones, greetings
Reply
CarlORourke Dreadblitz
@Dreadblitz, thanks mate !
Reply
MarxBabu CarlORourke
@CarlORourke, very good one chart
Reply
Any way to change or include the newly added/improved vwap as an option?
+1 Reply
Dreadblitz Uni_ve12se
@Uni_ve12se, Hello, I will try to add it this weekend, regards
Reply
Thank you very much. Great work. So tempting to get rid of the remaining stuff on the screen.
Reply
So I can change the TF, yup. But what settings are recommended for MA and Number? Not always 200 as I guess...
Reply
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