OPEN-SOURCE SCRIPT

VIDYA with trend centered SDs with Chandelier Exit By Kidev

227
This multi-tool overlay combines adaptive averaging, volatility envelopes, and structural swing detection into a single, configurable indicator.

Features
• Selectable MA75 — choose SMA / EMA / WMA / VWMA / HMA as the 75-length baseline.
• MA Trend Mode — optional up/side/down regime coloring driven by MA slope (configurable colors).
• VIDYA (Variable Index Dynamic Average) — adaptive moving average with cross (C>V / C<V) and slope-change signals.
• VIDYA-centered SD Bands — 0.5σ & 2.0σ bands computed around VIDYA to show adaptive volatility envelopes.
• Chandelier Exit (center) — optional ATR-based centerline (toggleable and trend-colored).
• Double ZigZag — two independent ZigZag period settings with HH/LL labeling for swing structure clarity.
• Performance-minded — safe line/label cleanup, limits for stored points, and options to minimize visual clutter.

How to use
• Use the selectable MA as a trend baseline and enable MA Trend Mode to color it by regime (Up / Side / Down).
• Watch VIDYA crosses (C>V / C<V) for momentum shifts and VIDYA slope-change triangles for trend acceleration.
• VIDYA-centered bands show where price is relatively quiet or volatile; the 2σ band can act as a momentum/extreme zone.
• Toggle the Chandelier center on for an ATR-based reference/exit line that complements the VIDYA bands.
• Use the Double ZigZag and HH/LL labels to identify swing structure and potential confirmations of trend breaks.

Notes & customization ideas
• Slope threshold is ATR-based by default but can be tuned to reduce noise.
• VIDYA band lookback uses the SD lookback setting; you can switch to VIDYA’s length for a different feel.
• Add/remove labels or reduce max ZigZag points if you need lighter charts.

This indicator is intended as a toolbox — combine its elements (MA regime, VIDYA bands, chandelier center, ZigZag structure) to build context-aware entries, exits, and market regime analysis rather than as a standalone mechanical system.

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.