OPEN-SOURCE SCRIPT
Dynamic Deviation Levels [BigBeluga]

Dynamic Deviation Levels is an innovative indicator designed to analyze price deviations relative to a smoothed midline. It provides traders with visual cues for overbought/oversold zones, price momentum, levels through labeled deviations and gradient candle coloring.
🔵Key Features:
🔵Usage and Benefits:
Dynamic Deviation Levels [BigBeluga] is an indispensable tool for traders aiming to combine price dynamics, momentum analysis, and visual clarity in their trading strategies.
🔵Key Features:
- Smoothed Midline:
A central line calculated as a smoothed median of the price source, serving as the baseline for price deviation analysis. - Dynamic Deviation Levels:
- Three deviation levels are plotted above and below the midline, with labels (1, 2, 3, -1, -2, -3) marking significant price movements.
- Helps traders identify overbought and oversold market conditions. - Heat-Colored Candles:
- Candle colors shift in intensity based on the deviation level, with four gradient shades for both upward and downward movements.
- Quickly highlights market extremes or stable zones. - Interactive Color Scale:
- A gradient scale at the bottom right of the chart visually represents deviation values.
- A triangle marker indicates the current price deviation in real time. - Optional Deviation Levels Display:
- Traders can enable all dynamic levels on the chart to visualize support and resistance areas dynamically.
🔵Usage and Benefits:
- Identify Overbought/Oversold Zones: Use labeled deviation levels and heat-colored candles to spot stretched market conditions.
- Track Trend Reversals and Momentum: Monitor price interactions with deviation levels for potential trend continuation or reversal signals.
- Real-Time Deviation Insights: Leverage the color scale and triangle marker for live deviation tracking and actionable insights.
- Map Dynamic Support and Resistance: Enable dynamic levels to highlight key areas where price reactions are likely to occur.
Dynamic Deviation Levels [BigBeluga] is an indispensable tool for traders aiming to combine price dynamics, momentum analysis, and visual clarity in their trading strategies.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.