♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms 👀 This one was not in the public library yet. Thanks to lazybear for the original Hurst Cycle Channel code, which was used to create this. 📜 Description In the late 60's a NASA aerospace engineer J.M. Hurst published ‘The Profit Magic of Stock Transaction Timing’. Ironically, his book, by some considered...
This study is an experiment designed to identify market phases using changes in an approximate Hurst Exponent. The exponent in this script is approximated using a simplified Rescaled Range method. First, deviations are calculated for the specified period, then the specified period divided by 2, 4, 8, and 16. Next, sums are taken of the deviations of each period,...