This Pine Script code defines the Alpha Beta Gamma Indicator with customizable parameters for length. The script calculates alpha, beta, and gamma based on the lowest and highest prices over the specified length. It then plots these values on the chart with different colors.
This indicator was generated with ChatGpt and I tweaked the calculations for the best visual understanding - Settings are still being monitored for any further needed optimization.
Versionshinweise:
Exposed sensitivity settings
Raw option can be turned off
Added Smoothed option
Multi-timeframe option
Raw option can be turned off
Added Smoothed option
Multi-timeframe option
Versionshinweise:
Tweaked default settings