OPEN-SOURCE SCRIPT

Standard Deviation Candles (With Emoji)

Updated

In crypto, significant price moves can be a sign of continuation or reversal. This script measures if price move is greater than a certain number of standard deviations vs. previous periods, then alters bar colours and/or prints an emoji signal.

Release Notes

set default high/low inputs as "high" and "low" (you can also use close) and re-published for better preview image

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.

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Disclaimer

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