distance_ratio
Collection of types and functions that can be used for the calculation of the ratio [0, 1] of a distance
from a barrier price using several methods. Methods supported are percentagewise (PERC), atr-based (ATR), fixed
profit (PROF), tick-based (TICKS), risk reward ratio (RR) and local extrema (LOC).
This library is meant to replace my previously published "distance_percentile" library since it offers a more intuitive interface by using the method syntax.
Use method syntax for "long_biased_dist_ratio" and "short_biased_dist_ratio".
For types use PascalCase instead of camelCase to work around some compiler errors as Stratfather suggested.
Some optimizations in the PROF method calculations
- Add Standard Deviation method for distance and LOC margin
- More accurate PROF calculation formula with commission fees
Add step logic to stdev method by adding multipliers
Simplify exit commission fee calculation
Add initial entry fees in the PROF calculation
(minor) without base quantity
Use barrier as the entry price for the stepped fixed profit calculations that are also scaled with the price movement when there are consecutive price targets
- Added price and ticks methods
- Added separate restrict methods
- Simplified the object types
- Removed the bias logic in the LOC method
- Tick related methods not return an integer
- If there is a not defined value during calculations return an error if fatal or zero otherwise
- Remove restrict argument from "pure" ratio, price ticks calls
Update some documentation and fixed a typo in the error message
- Updated documentation
- Use force_overlay for the example plots
- Use enum where possible
Update to pinescript version 6
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Penafian
Perpustakaan Pine
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai perpustakaan sumber terbuka supaya pengaturcara Pine lain dari komuniti kami boleh menggunakannya semula. Sorakan kepada penulis! Anda juga boleh menggunakan perpustakaan ini secara peribadi atau dalam penerbitan sumber terbuka lain, tetapi penggunaan semula kod ini dalam penerbitan adalah tertakluk kepada Peraturan Dalaman.
Telegram: @jason5480
🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7
* Please contact me before any donation ☕