McGINLEY DYNAMIC with FRACTAL DEVIATION BANDS.
Ver. 1.0.beta.25.08.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. -- The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT IS THIS?
This is my first adaptation of the FRACTAL DEVIATION BANDS to the "McGinley Dynamic Line". Be advised that the nature of this line tend to need some adjustments at the "Smooth Factor" if you see a flat line with tiny values.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona. Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView.
2015
Ver. 1.0.beta.25.08.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. -- The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
WHAT IS THIS?
This is my first adaptation of the FRACTAL DEVIATION BANDS to the "McGinley Dynamic Line". Be advised that the nature of this line tend to need some adjustments at the "Smooth Factor" if you see a flat line with tiny values.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
- Morphic Numbers: (PHI & Plastic) Pine Script adaptation from it's algebraic generation formulas by @XeL_Arjona.
- FRACTAL DEVIATION BANDS: main idea by @XeL_Arjona
ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona. Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView.
2015
// * MCGINLEY DYNAMIC with FRACTAL DEVIATION BANDS. // Ver. 1.0.beta.25.08.2015 // By Ricardo M Arjona @XeL_Arjona // // DISCLAIMER: // // The Following indicator/code IS NOT intended to be // a formal investment advice or recommendation by the // author, nor should be construed as such. Users // will be fully responsible by their use regarding // their own trading vehicles/assets. // // The embedded code and ideas within this work are // FREELY AND PUBLICLY available on the Web // for NON LUCRATIVE ACTIVITIES and must remain as is. // // Pine Script code MOD's and adaptations by @XeL_Arjona // with special mention in regard of: // + "Morphic Numbers" (PHI & Plastic) Pine Script addaptation // from it's algebraic generation formulas by @XeL_Arjona // + "Fractal Deviation Bands" idea by @XeL_Arjona. // + Color Cloud Fill Condition algorithm by @ChrisMoody // // ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are // Welcome in favor to deploy a better and more accurate readings. // I will be very glad to be notified at Twitter or TradingVew // accounts at: @XeL_Arjona // // Any important addition to this work MUST REMAIN // PUBLIC by means of CreativeCommons CC & TradingView. // 2015 // ////////////////////////////////////////////////////////////////// study("McGinley Dynamic with FRACTAL DEVIATION BANDS by @XeL_Arjona", shorttitle="mdFDB_XeL", overlay=true) p = input(title="Smooth Factor:", defval=10) src = input(title="Source", type=source, defval=close) smn = input(false, title="Switch PHI Multiplier to PN:") // McGinley Dynamic Line md(S, N) => mg = na(mg[1]) ? ema(S, N) : mg[1] + (S - mg[1]) / (N * pow(S/mg[1], 4)) // N Root Function nroot(index,number) => cond_r = index == 0 or number == 0 or number < 0 If_True = 0 If_False = (exp((1/index) * log(number))) iff(cond_r, If_True, If_False) // Bollinger Bands Function BolTop(array,per,mult) => std = stdev(array,per)*mult bbt = array + std BolBot(array,per,mult) => std = stdev(array,per)*mult bbb = array - std //Morphic Number Constants for FRACTAL Multipliers. _phi = (1+sqrt(5))/2 // Phi Number (Fibonacci Seq.) _pn = (nroot(3,(108 + 12*sqrt(69))) + nroot(3,(108 - 12*sqrt(69))))/6 // Plastic Number (Podovan Seq.) Fm = smn ? _pn : _phi vortex = md(src,p) // Fractal Deviation Bands (Morphic Multiplier) FDBvt = BolTop(vortex,p,Fm) // Add As many layers FDB1t = BolTop(FDBvt,p,Fm) // of fractal bands at FDB2t = BolTop(FDB1t,p,Fm) // will. Each band FDB3t = BolTop(FDB2t,p,Fm) FDBvb = BolBot(vortex,p,Fm) // is calculated having FDB1b = BolBot(FDBvb,p,Fm) // as base the last one and FDB2b = BolBot(FDB1b,p,Fm) // multiplied by morphic const. FDB3b = BolBot(FDB2b,p,Fm) // PLOT DIRECTIVES CondCol = close > vortex ? green : red //Center Avg Line va = plot(vortex, color=CondCol, title='Vortex', style=line, linewidth=2, transp=0) //Fractal Bands t1 = plot(FDBvt, color=green, editable=false) t2 = plot(FDB1t, color=green, editable=false) t3 = plot(FDB2t, color=green, editable=false) t4 = plot(FDB3t, color=green, editable=false) b1 = plot(FDBvb, color=red, editable=false) b2 = plot(FDB1b, color=red, editable=false) b3 = plot(FDB2b, color=red, editable=false) b4 = plot(FDB3b, color=red, editable=false) // Cloud Background fill(va, t1, color=green, transp=66, title='BullZ1') fill(t1, t2, color=green, transp=75, title='BullZ2') fill(t2, t3, color=green, transp=84, title='BullZ3') fill(t3, t4, color=green, transp=93, title='BullZ4') fill(va, b1, color=red, transp=66, title='BearZ1') fill(b1, b2, color=red, transp=75, title='BearZ2') fill(b2, b3, color=red, transp=84, title='BearZ3') fill(b3, b4, color=red, transp=93, title='BearZ4')