Original Laguerre PPO code was Created by TheLark.
I found if I applied a Percent Rank of the PPO to view Extreme Moves in the PPO it was great at showing Market Tops.
Features via Inputs Tab: Ability to set all PPO Indicator Values. Ability to set Warning Threshold Line Value and Extreme Percentile Threshold Line Values. Ability to turn On/Off Warning and Extreme Percentile Rank Lines.
***I’ve found this Indicator to be Valid…However, I have NOT Extensively tested the Settings. Initially setting the LookBack Period to 200 on A Daily chart with a 90 Extreme Percentile Rank Value works Good. Some charts changing the Lookback period to 50 an draisisng the Extreme Percentile Rank Line to 95 Works Great.
***To Be Blunt…When I look at the underlying Indicator…I don’t know why this Shows Us What It Does When the Percentile Rank Function is applied to it…But For Whatever Reason…It Just Works.
***If you Find Very Useful Settings Please Post Below
Sorry if a stupid question, but you do post ideas twice right? One has the code available there, one does not - why so?
geometricThinking
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I am confused... Where is the code? thanks...
ChrisMoody
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Under related ideas...click on Laguerre PPO Percentile Rank...The top one...that is the link to the actual code. Or you can always run a search in the top left search box under indicators if your on a chart.
A very useful video to watch is videos.tradingview.com/ Titled Importing Custom Indicators....It shows several different ways.
IlyasShaikh
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hi Chris.. did you received my E-mail
ChartArt
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The worst is yet to come, or already behind us :P Look back period one decade using the Dow Jones Industrial Average: