OPEN-SOURCE SCRIPT
Similar Price Action
Description:
The indicator tries to find an area of N candles in history that has the most similar price action to the latest N candles. The maximum search distance is limited to 5000 candles. It works by calculating a coefficient for each candle and comparing it with the coefficient of the latest candle, thus searching for two closest values. The indicator highlights the latest N candles, as well as the most similar area found in the past, and also tries to predict future price based on the latest price and price directly after the most similar area that was found in the past.
Inputs:
- Length -> the area we are searching for is comprised of this many candles
- Lookback -> maximum distance in which a similar area can be found
- Function -> the function used to compare latest and past prices
Notes:
- The indicator is intended to work on smaller timeframes where the overall price difference is not very high, but can be used on any
The indicator tries to find an area of N candles in history that has the most similar price action to the latest N candles. The maximum search distance is limited to 5000 candles. It works by calculating a coefficient for each candle and comparing it with the coefficient of the latest candle, thus searching for two closest values. The indicator highlights the latest N candles, as well as the most similar area found in the past, and also tries to predict future price based on the latest price and price directly after the most similar area that was found in the past.
Inputs:
- Length -> the area we are searching for is comprised of this many candles
- Lookback -> maximum distance in which a similar area can be found
- Function -> the function used to compare latest and past prices
Notes:
- The indicator is intended to work on smaller timeframes where the overall price difference is not very high, but can be used on any
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。