The classic value charts indicator has fixed overbought and oversold levels at 8 and 10 levels and the idea of adding dynamic zones around them instead of fixed levels is appealing.
During the strong trending movements, the overbought and oversold levels also dynamically move up or down.
I have used the dynamic zones code by @allanster.
The idea of using dynamic...
MVPA=GDPPC/( M2 /POP). An adaptation to normal Money Velocity, taking into account populations for more volatile plots/different perspective. Major world economy's money supply velocity. Compare how each country's monetary policy has played out and current trajectory in comparison to others. The velocity of money is a measure of the number of times that the...
Simple method to convert from input.text_area to array using str.split.
Reshape table using switch, not necessary must use matrix.reshape.
Might be useful pine script to replace input.symbol.
Table can positioned by any position and font size can be resized.
Reshape table and sorting array if necessary.
Fractal dimension, as described by BCA-research. When the function reaches the lower boundary, the fractal dimension collapses. This indicates that the market participants, on different time frames, now are all betting on the same direction. The market is now overextended. However, the boundary value is arbitrary and can be modified.
For anyone interested, Here is an example of how to put backtesting results into an Indicator. This calculates the same values as you find in the Summary Screen of the built in Strategy backtester. This will use the same result size as the standard backtester i.e. 5 minute chart grabs roughly 1 month of data, 1 minute chart grabs 1 week of data, etc... I tried...
This simple script indicate the potential flat market zones, calculated based on the Bollinger Bands width.
It's showing the Bollinger Bands in red when the market is detected as flat.
You can adjust the Width Threshold with precision on the inputs settings.
This script is proof of concept to display an “error message” to provide user feedback when valid, but non-logical variables are input by the end user. In this example, the user enters a lower limit that is greater than the upper limit. The Pinescript user input box allows input types and min/max values, but it does not allow input conditions like (Upper > Lower)...
In this study, I present a method to expose NaN values to development environment.
This exposure allows NaN values to be used by methods in scripts.
I also show how to use values, even NaN values, as anchors from...
LeveLeledc - Exhaustion levels (InSilico)
Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars
Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars"
More information on core function in source scripts page ->