OPEN-SOURCE SCRIPT
Gaussian distribution %s
With 4 Moving averages options, length input and source input this script will help you test so you can find the best moving average type and length according to the gaussian distribution theory.
Gaussian Distribution Theory:
Gaussian Distribution Theory:
- 68% of all data points fit within 1 Standard deviations of the mean
- 95% of all data points fit within 2 Standard deviations of the mean
- 99.7% of all data points fit within 3 Standard deviations of the mean
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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