Statistical Price Deviation Index MADVWMA for Tr
Trend Indicator
100% FreeIt calculates how far price has moved from its moving median using the statistical MAD method and outputs a value between -1 and +1, with a second line measuring deviation by volume (VWMA). When both lines agree at their extremes, the bounce signal is stronger.
How to install
Open TradingView and click Pine Editor at the bottom. Open the file you downloaded, copy all of its contents, and paste it into the editor replacing what is there. Then press Add to chart and it appears on your chart.
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