The Mean Deviation Index (MDX) is used to see how much price is deviating from the mean. This indicator takes both volatility and mean deviation in consideration.
It uses the standard deviation of the ATR to filter an EMA, and uses this as the mean. It then only plots > or < 0 if price is more than one x ATR away from the mean. If index is positive, the...
This is Exponential Deviation Bands. It is a price band indicator based on exponential deviation rather than the more traditional standard deviation, as you find in the well-known Bollinger Bands calculation. As compared to standard deviation bands, exponential deviation bands apply more weight to recent data and generate fewer breakouts. There fore it is a much...
Welcome! Proud to release AxLe! The indicator which provides a trend-based analysis based on volatility, deviations bands, and price momentum. The basis behind AxLe is to essentially give an oscillator view of the difference between key price deviations based on volatility and volume information. The oscillator provides candle coloring matching the scaled colors...
This adds volatility bands to the Variable Index Dynamic Average (VIDYA). The bands are calculated using the exponential moving average of the standard deviation of the VIDYA.
Thanks to everget for programming the VIDYA for tradingview.
DEVIATIONS ALERT - NON REPAINTING
For Linebreak charts
DESCRIPTION & HOW TO USE THE ALERT:
Deviations alert automatically measures price volatility by relating a pairs price to its moving average & shows a directional signal on the bottom of the chart.
A directional long/short alert can then be set from the alert to give a live notification of changing market...
The standard deviation measure the dispersion of a data set, in short this metric will tell you if your data is on average closer or farther away from the mean. Its one of the most important tools in statistics and living without it is pretty much impossible, without it you can forget about Bollinger-bands, CCI, and even the LSMA (ouch this...
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
Moving Average Deviation with Moving Average General Circulation
Lime. SMA > EMA
Purple. EMA > SMA
You can use two length (top/bottom).
1. Green : Stable Rising
2. Blue : End of Rising
3. Purple : Entrance of Falling
4. Red : Stable Falling
5. Orange : End of Falling
6: Yellow : Entrance of Rising
★. There was no divergence between EMA and SMA.