The Deviation Ratio is a unique indicator that's built on the calculation of two standard deviations, providing you with a ratio that can help you gauge market activity.
Now, it's important to note that while this indicator is handy, it doesn't indicate the direction of price movement. Instead, it highlights areas of significant market activity. For best results, I recommend using it in conjunction with other indicators or analyzing price action.
Here are some signal ideas to consider:
- Look for moments when the indicator crosses the threshold line and the slope changes direction back down.
- Watch for when the indicator crosses the threshold line upwards.
- Keep an eye on the indicator when it crosses the threshold line downwards.
- If the indicator is below the threshold line, it might suggest a trending market.
Comments 0