RicardoSantos

Function Frequency of Range

Function to derive the frequency a range is visited over time.
returns value (0 to 1) percent multiplier
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
study(title='Function Frequency of Range', overlay=false)
src = input(close)
length = input(10)

f_frequency_of_range(_src, _upper, _lower, _length)=>
    _adjusted_length = _length < 1 ? 1 : _length
    _frequency = 0
    for _i = 0 to _adjusted_length-1
        if (_src[_i] >= _lower and _src[_i] <= _upper)
            _frequency := _frequency + 1
    _return = nz(_frequency, 0)/_adjusted_length

h = highest(src, length)
l = lowest(src, length)
r = h-l
f = f_frequency_of_range(src, l+r*0.1, l, length)

plot(f)
This looks interesting. How do you use it?
Reply
RicardoSantos PRO dave.seremek
feed it a range and a series to check how many times it visited said range in the specified time window.
its a first step towards a sorts of volume profile / sr termal analysis
Reply
RicardoSantos PRO RicardoSantos
heres a visual example of what it does.
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out