True Range Outlier Detector (TROD)

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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!

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ملاحظات الأخبار

Added a mode that uses open/close

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ملاحظات الأخبار

fix on the bool lol whoops

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ملاحظات الأخبار

Face lift and added adjustable levels