//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line.

- Standard deviation (for most cases);
- Average deviation (if there are extreme values);
- GstDev - Geometric Standard Deviation (exclusively for Geometric Mean);
- HstDev - Harmonic Deviation (exclusively for Harmonic Mean).

These modified functions will calculate everything right, they will take source, length, AND basis of your choice, unlike the ones from TW.

Central tendency measures:
- Mean (if everything's cool & equal);
- Median (values clustering towards low/high part of the rolling window);
- Trimean (3/more distinguishable clusters of data);
- Midhinhe (2 distinguishable clusters of data);
- Geometric Mean ( |low.. ... ... .. .... ... . . . . . . . . . . . .high| this kinda data); <- Exp law
- Harmonic Mean { |low. . . . . . . . . . . . . . .. . . .high| kinda data). <- Reciprocal law

Listen:
1) Don't hesitate using Standard Deviation with non-mean, like "Midhinge Standard Devition", despite what ol' stats gurus gonna say, it works when it's appropriate;
2) Don't check log space while using Geometric Mean & Geometric Standard Deviation, these 2 implement log stuff by design, I mean unless u wanna make it double xd
3) You can use this script, modify it how you want, ask me questions whatever, just make money using it;
4) Use Midrange & Midpoints in tandem when data follows ~addition law (like this . . . . . . . . . . . . . . . . . . . . .). <- just addition law

Look at the data, choose spread measure first, then choose central tendency measure, not vice versa.

!!!
Ain't gonna place ® sign on standard deviations like one B guy did in 1980s lmao, but if your wanna use Harmonic Deviations in science/write about/cite it/whatever, pls give me a lil credit at least, I've never seen it anywhere and unfortunately had to develop it by myself. it's useful when your data develops by reciprocals law (opposite to exponential).

Peace TW
Catatan Pelepasan: Thanks to midtownsk8rguy now the code has a switch to turn on/off Variance descriptor & Range/Deviation ratio. For some users who don't check "Scale price chart only" for some reason, the old version was distorting the overlay. The old version will be available here
Catatan Pelepasan: Now variance is calculated based on quadratic (Stdev) function only, no matter which Spread measure is chosen.
Catatan Pelepasan: Relative Standard Deviation (RSD) was added, along with Variance and Range/Spread ratio it might be used in order to decide whether 1sr or 2nd deviations should utilized as limits.
Catatan Pelepasan: Overlay issue was finally defeated by using "plotchar" for the last 3 descriptors, instead of just "plot"
Pine Script manual is the king
Catatan Pelepasan: Median deviation was added thanks to arrays support. It has an interesting property of minimizing variance when used with mid-hinge (who'd know, tho I found it accidentally in the depths of wiki).
...
trimmed L∞ norm statistics: for example, the midhinge (average of first and third quartiles) which minimizes the median absolute deviation of the whole distribution, also minimizes the maximum absolute deviation of the distribution after the top and bottom 25% have been trimmed off.

Source, "Minimization" paragraph

I still haven't figured out yet completely what's the real deal about mid-hidnge vs median, but seems like it has something to do with low kurtosis (big variance) value/bimodality.

Man I wish I know for real, if some1 reads it now and knows exactly when to use mid-hinge, pls hit me up.
Catatan Pelepasan: Long awaited update for the best script in the world. Now the code is shorter - less geeky/hipster and more real world oriented. The code contained a bug which was blocking it from calculating Geometric mean at all. I can't believe I noticed it, not you, after the whole year. I also tried my best to keep the plotting as much tolerant as possible, but be sure to make appropriate color changes while using a night theme.

Peace
Catatan Pelepasan: And the final touch...
Catatan Pelepasan: New:
- All data switch;
- OTF functionality.

Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

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.

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