M0rty

Candle Colored by Volume Z-score [Morty]

This indicator colors the candles according to the z-score of the trading volume . You can easily see the imbalance on the chart. You can use it at any timeframe.

In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being observed or measured. Raw scores above the mean have positive standard scores, while those below the mean have negative standard scores.

This script uses trading volume as source of z-score by default.
Due to the lack of volume data for some index tickers, you can also choose candle body size as source of z-score.


features:
- custom source of z-score
- volume
- candle body size
- any of above two
- all of above two
- custom threshold of z-score
- custom color chemes
- custom chart type
- alerts

default color schemes:

- green -> excheme bullish imbalance
- blue -> large bullish imbalance
- red -> excheme bearish imbalance
- purple -> large bearish imbalance
- yellow -> low volume bars, indicates "balance", after which volatility usually increases and tends to continue the previous trend

Examples:
* Personally, I use dark theme and changed the candle colors to black/white for down/up.

Volume as Z-score source

Any as Z-score source, more imbalances are showed
版本注释: remove the violation

开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

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