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peacefulLizard50262
28 nov. 2022 13:42

True Range Outlier Detector (TROD) 

SPDR S&P 500 ETF TRUSTArca

Description

True Range Outlier Detector (TROD) shows you weather or not a candle is larger than normal. This works by taking the normalized true range and if the candle exceeds a score of 0.5 or -0.5 it triggers the outlier detection. This is great for building strategies if you want to refrain from buying larger than normal up or down ticks. The only feature is the ability to change the lookback period of the normalization. I hope you find this as useful as I do!

Enjoy!

Notes de version

Added a mode that uses open/close

Notes de version

fix on the bool lol whoops

Notes de version

Face lift and added adjustable levels
Commentaires
Rus090
very goog job, may be barcolor....add
peacefulLizard50262
@Rus090, Sure! Sounds great to me.
Indicator-Jones
only ~10 lines of code ^^ very simple & effective 👍
peacefulLizard50262
@Indicator-Jones, Thank you :D Im glad you like it!
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