INVITE-ONLY SCRIPT
[KRONOS] Deviations
Description
This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range.
The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value.
It includes
Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range.
Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color.
Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal.
Trend confirmation. Red or blue arrows will act as a trend confirmation.
Support and resistance . The zero line will frequently serve as a S/R area.
Divergences. You can use this indicator to detect potential pivot areas.
How to use?
Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red).
Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue).
extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range.
The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value.
It includes
Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range.
Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color.
Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal.
Trend confirmation. Red or blue arrows will act as a trend confirmation.
Support and resistance . The zero line will frequently serve as a S/R area.
Divergences. You can use this indicator to detect potential pivot areas.
How to use?
Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red).
Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue).
extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
Script que requiere invitación
El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Para obtener más información, póngase en contacto con kronos-algo o siga las siguientes instrucciones del autor.
TradingView recomienda no comprar ni utilizar un script si su autor no le ofrece total confianza o cuando no entienda cómo funciona. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestros Scripts de la comunidad.
Instrucciones del autor
″Learn more at: https://kronos-trading.com/indicators
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
¿Quiere utilizar este script en un gráfico?
Advertencia: Por favor, leer antes de solicitar acceso.
Learn more at: kronos-trading.com/indicators
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.