I've no programming experience but I've an idea.
So here is the deal, write this indicator and I'll tell you how to use it.
1. Calculate the mean of last 14 (X) candle stick based on closing price
2. Divide standard deviation of 14 candle stick by the mean
3. Multiply it with 100.
That would show the coefficient of variation on closing price.
Can anyone do it? It would be wonderful if 14 candle could be changed to any number of candles as a variable.
Thanks
So here is the deal, write this indicator and I'll tell you how to use it.
1. Calculate the mean of last 14 (X) candle stick based on closing price
2. Divide standard deviation of 14 candle stick by the mean
3. Multiply it with 100.
That would show the coefficient of variation on closing price.
Can anyone do it? It would be wonderful if 14 candle could be changed to any number of candles as a variable.
Thanks