The AI Channels indicator is constructed based on rolling K-means clustering, a common machine learning method used for clustering analysis. These channels allow users to determine the direction of the underlying trends in the price. We also included an option to display the indicator as a trailing stop from within the settings. 🔶 USAGE Each channel...
█ OVERVIEW K-means is a clustering algorithm commonly used in machine learning to group data points into distinct clusters based on their similarities. While K-means is not typically used directly for identifying support and resistance levels in financial markets, it can serve as a tool in a broader analysis approach. Support and resistance levels are price...
Description: A Function that returns cluster centers for given data (X,Y) vector points. Inputs: _X: Array containing x data points.¹ _Y: Array containing y data points.¹ _number_of_clusters: number of clusters. Note: ¹: _X and _Y size must match. Outputs: _centers_x: Array containing x data points. _centers_y: Array...