As a wise man once said:
- beginners think in $ change,
- intermediates think in % change,
- pros think in Z change.
Introducing new Tradingview Outlier changes alert indicator that calculates click (price change), percentage change, and Z-score (standard deviation multiple) changes while displaying outliers based on defined ranges.
Outlier Detection: Mark outliers (for price, percentage, Z-score) based on user-defined thresholds. For example, any price movement exceeding a certain Z-score or percentage change could be marked as an outlier and displayed on chart.
Happy changes!