DonovanWall

Percentile Trend Channel [DW]

This is an experimental study designed to identify the trend of price action over a specified period using percentiles.

First, the 50th percentile is calculated over the sampling period using the nearest rank method. I've found that this calculation is useful as a proxy for moving averages and other filters of that class.
Next, the channel levels are calculated. In this study, there are three channel methods to choose from:
-Percentile Donchian , which calculates Donchian Channels using the 100th and 0th percentile ranks
-Percentile Keltner , which calculates the 50th percentile true range multiplied by a specified amount, then adds it to and subtracts it from the 50th percentile
-Percentile Bollinger , which calculates 50th percentile standard deviation multiplied by a specified amount, then adds it to and subtracts it from the 50th percentile

I also included a squeeze box option within this script, which is derived from my original Squeeze Box tool.
This option detects squeezes in the specified channel's range by a specific percentage, and plots the channel values where the squeeze begins.
The box also has a range multiplier, which can be used to expand or contract its range.

Custom bar colors are included. The color scheme is based on the perceived trend over the specified sampling period.
發布通知: Updates:

-> Migrated to v4.
-> Cleaned up calculations.
-> Revamped color scheme.
開源腳本

秉持真正的TradingView精神,該腳本的作者將其開源發佈,因此交易者可以理解和驗證它。為作者加油!您可以免費使用它,但是在發佈中重複使用此程式碼受網站規則的約束。您可以把它加入到常用以在圖表上使用它。

想在圖表上使用此腳本?
For my full list of premium tools, check the blog:
https://wallanalytics.com/

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https://t.me/DonovanWall

評論

thank you for sharing the content has greatly helped
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thank you for sharing. very cool
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