TS Aggregated Median Absolute Deviation

9시간 전

TS Aggregated Median Absolute Deviation (MAD) Indicator Explanation


Overview

The TS Aggregated Median Absolute Deviation (MAD) is a powerful indicator designed for traders looking for momentum-based strategies. By aggregating the Median Absolute Deviation (MAD) across multiple timeframes, it provides a comprehensive view of market dynamics. This indicator helps identify potential reversal points, overbought/oversold conditions, and general market trends by leveraging the concept of MAD, which measures price dispersion from the median.


Signal Generation:

Long Signal: Triggered when the price moves above the aggregated upper band

Short Signal: Triggered when the price moves below the aggregated red band


Alerts:

Real-time alerts are integrated to notify the user of long or short signals when confirmed:

Long Signal Alert: "TS MAD Flipped ⬆LONG⬆"

Short Signal Alert: "TS MAD Flipped ⬇Short⬇"

Optimization:

Adjust thresholds, MAD lengths, and multipliers for each timeframe to suit the specific asset and market conditions.
Experiment with enabling/disabling MAD components to focus on particular timeframes.

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Bar Color as been added

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Update to the bar color