Features

Tail Ratio Features

The Tail Ratio indicator comes equipped with a suite of highly customizable tools to help you accurately measure, smooth, and interpret the asymmetry of market returns in real-time.

• Dynamic Percentile Calculation: Utilizes customizable upper and lower percentiles (e.g., 90th and 10th) to isolate the true extremes of the return distribution.
• Log or Simple Returns: Toggle between simple returns or logarithmic returns to match your specific quantitative analysis preferences.
• Smoothing Engine: Built-in exponential moving average (EMA) smoothing to filter out erratic micro-volatility and provide a clean, readable oscillator.
• Visual Thresholds: Clear visual demarcations (Mid, Upper Guide, Lower Guide) to quickly identify when the distribution becomes highly asymmetric.
• On-Chart Interpretation Table: A built-in UI panel that displays the exact Tail Ratio value and its current statistical interpretation (Positive Skew, Normal, or Negative Skew).