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Did it move?
That is the eternal question in trading.: Is the price moving? This indicators aims to answer that question. It is based on concepts from 2 Bars from "The Strat". This indicator measures the distance the current price is above the previous high or below the previous low and on two timeframes. The assumption is that the price is moving as long as the price is above or below the previous bar.
The distance the price moved is normalized by the standard deviation. This serves the trader in two ways: 1) you can quickly determine if a price movement is significant (score > 1), and 2) you can plan exits when the score falls below 1 (e.g., movement become insignificant). Movement upwards are colored green and down movements are red. When the price is also above the higher timeframe high (below the HTF low), the color are more intense. When the price is not moving, the background is highlighted.
Finally, there are two alert setting. One is for then the price stops moving (movement score falls below a threshold. The other is a exit/reversal warning. For example if there is a strong move in the opposite it will trigger that alert.
The distance the price moved is normalized by the standard deviation. This serves the trader in two ways: 1) you can quickly determine if a price movement is significant (score > 1), and 2) you can plan exits when the score falls below 1 (e.g., movement become insignificant). Movement upwards are colored green and down movements are red. When the price is also above the higher timeframe high (below the HTF low), the color are more intense. When the price is not moving, the background is highlighted.
Finally, there are two alert setting. One is for then the price stops moving (movement score falls below a threshold. The other is a exit/reversal warning. For example if there is a strong move in the opposite it will trigger that alert.
Skrip sumber terbuka
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Penafian
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