how it works : calculate the z-score of price deviation, if deviation goes beyond a certain threshold it gives buy and sell signals
how to use : in case of buy and sell signal is generated, one must place order in direction of signal ( above candle in case of buy and below candle in case of sell )
todo : remove fuzzy signals and make the script enable for alert...
in course of trading it seems merely watching a sporting event where the outcome is unknown but there is plenty of action along the way. There are ups and downs, and things can change dramatically from one moment to the next.
most people enjoy the actions from price ( including me ) and most put the weight on other actions on the way, everyone predicting what is...
The analysis takes into consideration short term price changes as it measure ( a mathematical formula , uses deviation and calculates z-score or price deviation ).
Green area shows the price trend is upward, red show price is down ward and blue shows possible reversal