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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Versionshinweise: Shorter code and some improvements
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
If you find my works useful, please consider a donation
BTC: 19qDW9AShZhBZsGuXcgRzam5Fbpc3EU8EV
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Kommentare

Could you please say what do the colors mean
Green
Dark Green

Red
Dark Red
?
+15 Antworten
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)
+10 Antworten
@everget, thanks mate, OK I'm gonna make it shorter ;)
+4 Antworten
Le falta las flechas de compra y venta, me parece
+1 Antworten
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).
+2 Antworten
Can ı use this indikator?
Antworten
This is: _rate(cond) => 0.5 * (tw + bw + (cond ? 2 * body : 0)) / (tw + bw + body)
Especially: (cond ? 2 * body : 0)

What is the basic functionale (mathematicaL) reason (purpose) here?
Antworten
LOVE this! Thank you!
Antworten
Seu trabalho ficou incrível aqui. Assim que começar a operar com ele, e tiver bons resultados é claro, vou lembra de você. Um abraço e sucesso.
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@LonesomeTheBlue : Thanks for sharing the indicator,I appreciate your hard work.
Could you please suggest, which indicator you used in the main chart for showing the ARROW
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