Provides a user input to determine the amont of "slop" or variance between a target and given price point.
IDEA is to easily spot the length of a calm periods based on OBV. Some says that after a longer OBV-calm (but not supercalm) period up or down rallies are somewhat more likely) METHOD: variance of OBV ADVISE: cannot be used on its own, just with others (RSI, CCI, Coppock, MACD etc.) Period shall be adjusted to the market. PERSONAL: I also use it to evaluate...
Covariance Function as described here: www.investopedia.com can be used for example to calculate Beta: