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Autocorrelative Power Oscillator (APO) [SpiritualHealer117]
This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength.
Basic Explanation of the Indicator
This indicator calculates an asset's Pearson's R coefficient when compared with several different lags of the stock's price. After that, the oscillator checks whether the indicator is in the green or red compared to those correlations, and takes the sum of the correlative periods to predict which direction the market should go based on the relationship of the current price with its past correlations.
Basic Explanation of the Indicator
This indicator calculates an asset's Pearson's R coefficient when compared with several different lags of the stock's price. After that, the oscillator checks whether the indicator is in the green or red compared to those correlations, and takes the sum of the correlative periods to predict which direction the market should go based on the relationship of the current price with its past correlations.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。