INVITE-ONLY SCRIPT
Mandelbrot's Range
Updated
This uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range.
The Length parameter defines how wide the range is and how frequently the price will reach the range bands.
The Vol Length Parameter defines how far back to weight volatility, and how responsive the bands will be in response to volatility
The Length parameter defines how wide the range is and how frequently the price will reach the range bands.
The Vol Length Parameter defines how far back to weight volatility, and how responsive the bands will be in response to volatility
Release Notes
bug fix for better precision for instruments under $10
Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate:
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Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz
Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
Invite-only script
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