ShinJ
New member
Author states:
The Concretum Bands indicator recreates the Upper and Lower Bound of the Noise Area described in the paper "Beat the Market: An Effective Intraday Momentum Strategy for S&P500 ETF (SPY)" published by Concretum founder Zarattini, along with Barbon and Aziz, in May 2024.
How to use
A trader may use this indicator to identify intraday moves that exceed the average move over the most recent period. A break outside the bands could be used as a signal of significant demand/supply imbalance.
https://www.tradingview.com/v/CUpWCZhe/
mod note:
The Concretum Bands indicator recreates the Upper and Lower Bound of the Noise Area described in the paper "Beat the Market: An Effective Intraday Momentum Strategy for S&P500 ETF (SPY)" published by Concretum founder Zarattini, along with Barbon and Aziz, in May 2024.
How to use
A trader may use this indicator to identify intraday moves that exceed the average move over the most recent period. A break outside the bands could be used as a signal of significant demand/supply imbalance.
![YQeWeCX.png](/proxy.php?image=https%3A%2F%2Fi.imgur.com%2FYQeWeCX.png&hash=34bdcce69bf03163c9b5d3bc538f90dc)
https://www.tradingview.com/v/CUpWCZhe/
mod note:
script converted. see below
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