This library exports a Band type and functions that build a simple-moving-average basis with upper and lower envelopes from standard deviation. It classifies a source as above, below, or inside those envelopes, measures band width, and scales an imported z-sco
Library · Pine Script v5 · Library
Public
This Pine Script v5 library walks historical price, volume, time and amount series until a requested number of hours is covered, stopping at 4999 bars.
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code66
Settings0inputs
LicenceNone stated
Last update2 years ago3 Oct 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new library, select all of the template text and paste. Press Save and give it a name.
- 4Publish or import itA library draws nothing. Publish it from the editor, then import its functions in your own scripts.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
TimeAligned returns the bar count, net and absolute price changes, net and absolute log-price changes, volume and amount totals, elapsed time, and the standard deviations of log differences and log prices. StdTimeAligned returns only those two standard deviations, and a base-2 logarithm helper is also exported. The file includes an example plot of scaled volatility; the library has no inputs, entries or stops.
- Hour-window walk capped at 4999 bars
- Net and absolute price and log changes
- Volume and amount totals
- Standard deviations of log differences and log prices
- Base-2 logarithm helper
Details
Published by
wanjo-tech on GitHub
Type
Library, Pine Script v5
Draws
Library (no plots)
Category
Volatility & bands, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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