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GBP

Trend LengthScript tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the length of a full healthy pip running trend. Pick and SMA you like and then run through many currencies. I find that trends tend to be the same length. Not surprising as the markets are extremely correlated to each other. The trick is to find the most active pair for action. To do that look up my Pairs Range script. Comments are welcome.
Pine Script®指標
由forexpirate提供
1
GBPNZD above/below count This is similar to my earlier GBPNZD pairs slope indicator. This indicator determines if the close of a pair (highly correlated pairs to GBPNZD) is higher or lower than a common displaced moving average. If it is above, a count of 1 * corr*corr factor is assinged. For you programmers I multiply by corr*corr to erase the negative corr factor as the IF THEN statement will assign a 1 or -1. Note: I could not find an absolute value function, so corr^2 clears it. The spirit of this indicator, as with my others, is to sniff out underling movement in GBP or NZD to predict a trend change. The idea of the count comes from counting cards in blackjack. Toy around with chart time frames and the inputs to get a feel for it. Read comments for changes to the code. I look forward to pros/cons comments.
Pine Script®指標
由forexpirate提供
1