LonesomeTheBlue

Sell / Buy Rates

This script finds sell / buy rates and adds its linear regression to the chart. its aim is finding buying and selling power, then you can try to find trend reversals. Also you can find divergences, it's very important signal for trend reversal.

Linear regression is a basic and commonly used type of predictive analysis.

if you choose lower periods then it will be more sensitive. I choose 34 as it's one of fibonnaci number.


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Catatan Pelepasan: Shorter code and some improvements
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
Mate, you can simplify a life with:

tw = high - max(open, close)
bw = min(open, close) - low
body = abs(close - open)

_rate(cond) => 0.5 * (tw + bw + (cond ? 2 * body : 0)) / (tw + bw + body)

uprate = _rate(open <= close)
downrate = _rate(open >= close)

and add precision=0 to study() to avoid big numbers (see AAPL)
+2 Balas
@everget, thanks mate, OK I'm gonna make it shorter ;)
+1 Balas
Le falta las flechas de compra y venta, me parece
+1 Balas
hi @dos32101, Pine script doesn't allow to add arrow on the chart when indicator is in another window. (overlay = false or true, can not be both).
+1 Balas
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