This is an open source and updated version of my previous "Confidence Interval" script. This script provides you with the expected range over a given time period in the future and the skew of that range. For example, if you wanted to know the expected 1 standard deviation range of MSFT over the next 20 days, this will tell you that. Additionally, this script will...
I did not write the script from scratch but rather started editing code of an existing one. The original code came from a script called GAP DETECTOR by @Asch-
First up: I am a trader, not a programmer and therefore my code most likely is inefficient. If someone with more expertise would like to help and optimize it - feel free to get in touch, I am always...
Managing expectation is important for price action traders.
This indicator mainly for intraday reference, and it plots the price change/ volatility statistics on a bar-to-bar basis, with the marking of +/- 1 and 2 sigma SD .
The user can refer to the historical volatility to manage their expectation of the velocity of price action by referring to these statistics.
Level: 1
Background
A histogram is a special chart that is applied to statistical data that is divided into numerically ordered groups. For example groups with close relationships in the vicinity like "Close-ref(Close ,1)", "Close-ref(Close,2)" and so on. A histogram provides a snapshot of all the data so that you can quickly get an overview of the historical...
The z-score is a way of counting the number of standard deviations between a given data value and the mean of the data set.
Z-score = (x̄ - μ) / (σ / √ n)
x̄ = sample mean (using the array.avg function = array(a,close ), where i = 1 to 21)
μ = population mean ( = avg(close, n))
σ = standard deviation of the population ( = stdev(close,n))
n = number of 'close'...
A good amount of users requested a text box showing various price statistics, the following script returns various of these stats in a user-selected range, and include classical ones such as a central tendency measurement (mean), dispersion (normalized range) and percent change, but also include less common statistics such as average traded volume and number of...
Creates a Histogram for Statistical Analysis of any source.
Input Parameters:
Sample Source: Select your source here, can be any numerical source.
Sample Period: Sample size for Mean and Standard Deviation Calculations.
Enable Cumulative Mode: Will attempt to calculate the bin for every sample in the entire dataset.
Window Period: Used only in Window Mode...
😷 COVID-19 Coronavirus Tracker & Statistics Tools by Cryptorhythms 😷
📜Intro
I wanted to put some more meaning behind the numbers for 2020's Covid pandemic. I hope this tool can help people analyze and deal with these hard times. With these metrics I hope to give greater depth and dimension to whats available. While also at the same time creating something...
This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way)
Pearson correlation method was used with exponential moving averages as the correlation calculation method.
Use your source ( i use "close" generally ) as the dependent variable.
Inspired by this article :...
This script holds several useful functions from statistics and machine learning (ML) and takes measurement of a volume weighted distance in order to identify local trends. It attempts at applying ML techniques to time series processing, shows how different distance measures behave and gives you an arsenal of tools for your endeavors. Tested with BTCUSD.
REM:...
Multiple Statistics from zigzag:
• Price range between swings.
• Bar range between swings.
returns maximum value, avg value and mean deviation.
if you find something missing, please leave a message bellow.
This script shows the average count of 'up bars' vs. 'down bars'. It is intended for statistic and probability purposes only. It does not include high or low price in the calculation - only the open and close prices are used.
Under settings, click "show difference" to see the difference between the two averages. This can also be called positive/negative drift....
This is a very simple script... it does not necessarily create signals. It only provides useful feedback via statistics & probability.
There will be a green background if there are two green bars in a row, and it will stay green until two red bars show up (in which it switches color to red until two green bars show up again).
The fuchsia arrows show the double...
www.tradingview.com
Category is difficult with this one. I chose ROC as the closest as this measures the historical % of a given change amount.
This indicator is in a separate panel above or below the main chart. I use it only for Options trading to help with probability reckoning.
Use it (at your own risk) and the code freely and please ask any questions, glad...
![XAUUSD: [blackcat] L1 Close Histogram Oscillator](https://s3.tradingview.com/o/oYm4wlfT_mid.png "[blackcat] L1 Close Histogram Oscillator")
![BTCUSD: [RS]Bar Pattern Statistics Tool](https://s3.tradingview.com/i/IeaHIREo_mid.png "[RS]Bar Pattern Statistics Tool")
![USDCAD: [RS]ZigZag Percent Reversal - Multiple Statistics](https://s3.tradingview.com/q/Q8qIfnDH_mid.png "[RS]ZigZag Percent Reversal - Multiple Statistics")
