Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an...
The Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta. In the stock market if prices move away from the average with a volatility too high are suspect. This principle...