hecate

hecate chop filter

Chop Filter to remove lateral trade under a threshold. Change the FilterOut parameter to filter all you want. Example of a model using it with a filtering of 0.003 (use to filter out to the level you prefer):
Comment: Updated script to lag less and be more clear
Remove from Favorite Scripts Add to Favorite Scripts
study(title="hecate chop filter", shorttitle="h chop filter", overlay=true)
//Example filtering out with a threshold of 0.003 -> http://i.imgur.com/kP7OI1o.png
//hecate tx aswell to zmm20
len = input(10, title="Period", minval=2)
FilterOut=input(0.005, title="FilterOut", minval=0.0001)
HowBigBubbles0to1=input(0.0001, title="HowBigBubbles0to1", minval=0.0001)

lr=linreg(linreg(close,15,0),15,0)
maxlr=highest(lr,50)
minlr=lowest(lr,50)


zld_h=linreg(high,len,0)
zld_l=linreg(low,len,0)
diff(a,b)=>(a-b)/((a+b)/2)
chop=diff(zld_h,zld_l)
t1=chop<FilterOut?maxlr*(1+HowBigBubbles0to1):close
b1=chop<FilterOut?minlr*(1-HowBigBubbles0to1):close

t2=chop>FilterOut?maxlr*(1+HowBigBubbles0to1):close
b2=chop>FilterOut?minlr*(1-HowBigBubbles0to1):close



p1=plot(t1,color=chop<FilterOut?red:na,style=line,linewidth=1)
p1b=plot(b1,color=chop<FilterOut?red:na,style=line,linewidth=1)

p2=plot(t2,color=chop>FilterOut?green:na,style=line,linewidth=1)
p2b=plot(b2,color=chop>FilterOut?green:na,style=line,linewidth=1)

fill(p1,p1b,color=red)
fill(p2,p2b,color=green)
Updated in
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out