USDT (TRC20): TH29EEXa19vfwZNYvxdUuMxoFY5QDYLcWG
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 30/06/2014 // The Polarized Fractal Efficiency (PFE) indicator measures the efficiency // of price movements by drawing on concepts from fractal geometry and chaos // theory. The more linear and efficient the price movement, the shorter the // distance the prices must travel between two points and thus the more efficient // the price movement. //////////////////////////////////////////////////////////// study(title="PFE (Polarized Fractal Efficiency)", shorttitle="PFE (Polarized Fractal Efficiency)") Length = input(9, minval=1) LengthEMA = input(5, minval=1) hline(50, color=green, linestyle=line, title = "TopBand") hline(-50, color=red, linestyle=line, title = "LowBand") PFE = sqrt(pow(close - close[Length], 2) + 100) C2C = sum(sqrt(pow((close - close), 2) + 1), Length) xFracEff = iff(close - close[Length] > 0, round((PFE / C2C) * 100) , round(-(PFE / C2C) * 100)) xEMA = ema(xFracEff, LengthEMA) plot(xEMA, color=blue, title="PFE")