PROTECTED SOURCE SCRIPT
Price Excess with Adjustable Recovery
Indicator: Price Excess with Adjustable Recovery
This indicator detects excessive price movements and displays a potential recovery level. It is particularly useful for identifying trading opportunities after significant market movements.
>> Key Features:
1. Detection of upward and downward price excesses
2. Display of an adjustable recovery level
3. Customizable parameters to adapt to different instruments and timeframes
>> Adjustable Parameters:
- Period: Number of candles for calculating the average and standard deviation (default: 14)
- Excess Threshold: Number of standard deviations to consider a movement as excessive (default: 1.5)
- Recovery Percentage: Recovery level as a percentage (default: 50%)
>> Usage:
1. Red triangles indicate a downward excess
2. Green triangles signal an upward excess
3. The blue line represents the potential recovery level
>> Possible Strategies:
- Counter-trend: Consider buying during downward excesses and selling during upward excesses
- Trend-following: Use the recovery level as a potential profit target
>> Usage Tips:
- Combine this indicator with other technical analysis tools to confirm signals
- Adjust the parameters according to the asset's volatility and your trading horizon
- Use appropriate risk management, as excessive movements can sometimes continue
Feel free to experiment with the parameters to find the configuration that best suits your trading style. Happy trading!
By DL INVEST
This indicator detects excessive price movements and displays a potential recovery level. It is particularly useful for identifying trading opportunities after significant market movements.
>> Key Features:
1. Detection of upward and downward price excesses
2. Display of an adjustable recovery level
3. Customizable parameters to adapt to different instruments and timeframes
>> Adjustable Parameters:
- Period: Number of candles for calculating the average and standard deviation (default: 14)
- Excess Threshold: Number of standard deviations to consider a movement as excessive (default: 1.5)
- Recovery Percentage: Recovery level as a percentage (default: 50%)
>> Usage:
1. Red triangles indicate a downward excess
2. Green triangles signal an upward excess
3. The blue line represents the potential recovery level
>> Possible Strategies:
- Counter-trend: Consider buying during downward excesses and selling during upward excesses
- Trend-following: Use the recovery level as a potential profit target
>> Usage Tips:
- Combine this indicator with other technical analysis tools to confirm signals
- Adjust the parameters according to the asset's volatility and your trading horizon
- Use appropriate risk management, as excessive movements can sometimes continue
Feel free to experiment with the parameters to find the configuration that best suits your trading style. Happy trading!
By DL INVEST
Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
¿Quiere utilizar este script en un gráfico?
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.