The Disparity Index — Coding in TradingView

How to Code the Disparity Index in Pine Script

Distance analysis is sometimes very important to determine whether the market is about to reverse or correct. Statistically, we expect to remain in normality more often than extremes, therefore, when we do reach the extremes, we expect some form of reversion to the mean unless Euphoria is in hyperdrive and participants are excessively buying or selling …