Interquartile Range Bands script.
This indicator was originally developed by Alex Orekhov at his home.
The idea based on the interquartile range https://en.wikipedia.org/wiki/Interquartile_range
If price breaks out from the bands then it is `outlier` price.
After breakouts price always returns to its median.
Watch squeeze/expansion periods.
Anyway use it as a supplement to the other indicators.
I will glad to get your feedback.
This indicator was originally developed by Alex Orekhov at his home.
The idea based on the interquartile range https://en.wikipedia.org/wiki/Interquartile_range
If price breaks out from the bands then it is `outlier` price.
After breakouts price always returns to its median.
Watch squeeze/expansion periods.
Anyway use it as a supplement to the other indicators.
I will glad to get your feedback.
Versionsinformation:
Refactored
Versionsinformation:
- Changed default source
Freelance -> Telegram: @alex_everget
A list of Free indicators:
bit.ly/2S7EPuN
A list of Paid indicators:
bit.ly/33MA81f
Earn $30:
www.tradingview.com/gopro/?share_your_love=everget
A list of Free indicators:
bit.ly/2S7EPuN
A list of Paid indicators:
bit.ly/33MA81f
Earn $30:
www.tradingview.com/gopro/?share_your_love=everget