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Shortcut Analysis Ω Palladium
One of the core indicators offered by (ShortcutAnalysis.com), Palladium is the multi-tool of the Shortcut Analysis family.
-It can help identify periods of high or low volatility. High volatility is present when the band is wide and low when it compresses. Extended low volatility can be an indication of explosive volatility coming.
-The signal line attempts to measure oversold/overbought levels. When in the danger zones of the band (shaded darker at top and bottom) it can indicate a reversal is coming. However, extended trends can oscillate out of a danger zone, just to enter again. That's why we have 4 lengths to choose from. You can use these to get confirmation on multiple spans of time.
-It also measures statistical extremes with the 2nd and 3rd deviations above and below. 68% of prices will fall within the band. When they exit that channel, price will either bounce back quickly or the bands will expand to acknowledge a longer-term increase in volatility. Compression on multiple bands are an indicator that a huge increase in volatility is coming.
How to read the indicator:
4 lengths:
Very short - Dionysus
Short - Hermes
Mid - Plutus
Long - Tyche
Signal line (light blue) in the danger zones indicate a likely turn of price in the other direction.
Price line (maroon) passing the 3rd deviation indicates a statistical extreme and can signal either a quick bounce back toward the mean or the beginning of a new trend in that direction.
Compression of the band indicates low volatility and prolonged low volatility can indicate that high volatility is approaching.
Be sure to validate these signals with other indicators. It is not suggested for anyone to use a single indicator when trading.
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At Shortcut Analysis, we know that technical analysis can be confusing and overwhelming but we create indicators that are easy to read and act upon so that it doesn’t have to be.
We also believe that trading is better together so we have an exclusive Slack group to share ideas and watchlists, get second opinions on analyses, and celebrate wins together.
Join us today and Stop Guessing; Start Winning!
(ShortcutAnalysis.com)
-It can help identify periods of high or low volatility. High volatility is present when the band is wide and low when it compresses. Extended low volatility can be an indication of explosive volatility coming.
-The signal line attempts to measure oversold/overbought levels. When in the danger zones of the band (shaded darker at top and bottom) it can indicate a reversal is coming. However, extended trends can oscillate out of a danger zone, just to enter again. That's why we have 4 lengths to choose from. You can use these to get confirmation on multiple spans of time.
-It also measures statistical extremes with the 2nd and 3rd deviations above and below. 68% of prices will fall within the band. When they exit that channel, price will either bounce back quickly or the bands will expand to acknowledge a longer-term increase in volatility. Compression on multiple bands are an indicator that a huge increase in volatility is coming.
How to read the indicator:
4 lengths:
Very short - Dionysus
Short - Hermes
Mid - Plutus
Long - Tyche
Signal line (light blue) in the danger zones indicate a likely turn of price in the other direction.
Price line (maroon) passing the 3rd deviation indicates a statistical extreme and can signal either a quick bounce back toward the mean or the beginning of a new trend in that direction.
Compression of the band indicates low volatility and prolonged low volatility can indicate that high volatility is approaching.
Be sure to validate these signals with other indicators. It is not suggested for anyone to use a single indicator when trading.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At Shortcut Analysis, we know that technical analysis can be confusing and overwhelming but we create indicators that are easy to read and act upon so that it doesn’t have to be.
We also believe that trading is better together so we have an exclusive Slack group to share ideas and watchlists, get second opinions on analyses, and celebrate wins together.
Join us today and Stop Guessing; Start Winning!
(ShortcutAnalysis.com)
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作者的说明
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Shortcut_Analysis。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。