TradingViewGoldTested

Tested on demo accounts by the seller. A utility has no trading performance, so no Trust State applies - see the description for exactly what was tested.

AT24 Persistence Meter (TradingView)

'The market is trending' and 'the market is range-bound' are usually judged by eye. AT24 Persistence Meter for TradingView measures it: the variance ratio of price moves over three horizons on the chart you are looking at, a z-statistic against chance, and a study of whether the reading really said anything about what the next move did (Pine Script). What you get - VR, z and the implied exponent for three move lengths, and a state for the main one: moves tend to continue, tend to reverse, or look like a random walk. - A study over the loaded history: how much of the time each state occurred, and how often the next move went the same way as the last move - any time, when trending and when reverting - with sample sizes and 95% intervals. - A small z line and threshold lines in a separate pane. Closed bars only; works on any timeframe. Counts use the history loaded on your chart, so they differ from the MetaTrader 5 edition. What was verified: the script compiles and renders in TradingView's Pine Editor (OANDA XAUUSD 1h: the state was a random walk with VR 1.11 at 8 bars; over 327 study windows the next move went the same way as the last 49% of the time, 47% when trending (n=15) and 58% when reverting (n=24) - see the screenshot). These numbers are historical and descriptive and show no edge: the trending and reverting samples are small and sit within noise of 'any time'. Not verified: live-money use, other symbols and exchanges. Delivered as a zip with the Pine source and a one-minute install guide. Plain Pine source with no web access: TradingView cannot check a licence key inside a script, so the licence is the purchase itself - the file is delivered to your AT24 account for use on your own TradingView account, please do not share or publish it. Descriptive history on your own broker data. Context tool, not a signal or a forecast; it prints no buy or sell arrows and never places orders; swing size is an input and other sizes give other numbers. Not financial advice. Trading leveraged products is risky.

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