OPEN-SOURCE SCRIPT
מעודכן Morphed Sine Wave
Introduction
If you rescale a sine wave to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a sine wave to the price in order to provide forecast's and highlight market periodic patterns.
Parameters
length control the period of the sine wave, power control the "morphing" amount, if you see for example that the results are going nuts try to increase power, if the results are just the price and the delayed price try to decrease power.
power = 1
power = 100
Those settings might be different depending on which market you are in.
Various Uses
You can do a lot of things with this indicator, use filters as source :
Use the indicator as source for oscillators in order to create cycles indicators :
And certainly many more things
Conclusion
I presented a way to morph a sine wave to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin, this can be a scaled rsi/stochastic or correlation coefficient, its up to you :)
If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things.
Thanks for reading !
If you rescale a sine wave to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a sine wave to the price in order to provide forecast's and highlight market periodic patterns.
Parameters
length control the period of the sine wave, power control the "morphing" amount, if you see for example that the results are going nuts try to increase power, if the results are just the price and the delayed price try to decrease power.
power = 1
power = 100
Those settings might be different depending on which market you are in.
Various Uses
You can do a lot of things with this indicator, use filters as source :
Use the indicator as source for oscillators in order to create cycles indicators :
And certainly many more things
Conclusion
I presented a way to morph a sine wave to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin, this can be a scaled rsi/stochastic or correlation coefficient, its up to you :)
If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things.
Thanks for reading !
הערות שחרור
Support for floats in the power parameter, use floats for BTCUSDהערות שחרור
Fixing some errorsסקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.