This script is inspired by the following : Fractal Dow RSI Support and Resistance ; Moving Average Clouds ; Let's start. This command is based on a fun description of where we are. Technical analysis methods are likened to a storm. Clouds as moving average,risk factor as lightning, fractals were taken as green and red rain. In this system: 4...
In fact, I wrote this script for detect Bollinger and Linear Regression Bands squeeze. It's a side script. Logic works like this: Only the stagnant market probability is drawn from the Bollinger bandwidth by Dependent Variable Odd Generator and MFI index is calculated taking into account the volume. This value ranges from 0 to 100. To be sure, this value is...
This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way) Pearson correlation method was used with exponential moving averages as the correlation calculation method. Use your source ( i use "close" generally ) as the dependent variable. Inspired by this article :...
The indicator was generated by adding the Dow Factor to the Stochastic Relative Strength Index.( Stoch RSI ) The Dow factor is the effect of the correlation coefficient, which determines the relationship between volume and price, on the existing indicators. With these codes we are able to integrate them numerically into the indicators. For more information on...
Here is the Stochastic Oscillator function. Now you can easily use length with mutable variables !!