Normalized bars

v10.3
Normalized bars

This candlestick standardization (normalized bars) indicator fixes Japanese candlesticks on a constant scale. The scale is created from the size of the candlesticks in points: Close-Open (range).

Thresholds based on standard deviations are then added, these are calculated on the basis of the last “p” candlesticks (value to be varied at will). This helps to identify abnormal candle sizes (high volatility) that can lead to a return to the mean.

 

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Vinks_o_7 • 10 days ago #

    Thanks Doc !

  2. Maxime Baudin • 9 days ago #

    Intresting, thank you!

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