Deviation Ratio

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Deviation Ratio

Postby Apprentice » Tue Jan 04, 2022 9:31 am

USDJPY D1 (01-04-2022 1531).png

As a single indicator, it doesn't show the direction of price, it only shows high activity area. I recommend combining it with other indicators or price action.

Signal ideas:

When the indicator crosses the threshold line and the slope change back down.
When the indicator crosses the threshold line up.
When the indicator crosses the threshold line down.
When the indicator is below the threshold line it's a possible trending market.
Deviation Ratio.lua
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Apprentice
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