RicardoSantos

[RS]Average Advance and Decline Curved Lines V0

exponential curve linear regression , use falloff multiplier to control curve falloff strength.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
study("[RS]AA&DCL.V0", overlay=true)
//  ||---   Inputs: 
tempname = input("text")
risingdecaymultiplier = (syminfo.mintick*input(30.000, type=float))
fallingdecaymultiplier = (syminfo.mintick*input(30.000, type=float))
marginmultiplier = input(10)
hidefallingline = input(false)
hiderisingline = input(false)
hidetopmargin = input(false)
hidebottommargin = input(false)
//  ||---   Get the decay averages for tops and bottoms.
topdecay = high >= nz(topdecay[1]) ? high : nz(topdecay[1]) - nz(fallingdecay[1])
botdecay = n < 10 ? low : low <= nz(botdecay[1]) ? low : nz(botdecay[1]) + nz(risingdecay[1])
//  ||---   Counters for decay
falloffmultiplier = input(1.1)

fallingdecaycounter = topdecay < topdecay[1] ? nz(fallingdecaycounter[1]) * sqrt(falloffmultiplier) : falloffmultiplier
risingdecaycounter = botdecay > botdecay[1] ? nz(risingdecaycounter[1]) * sqrt(falloffmultiplier) : falloffmultiplier

fallingdecay = (fallingdecaymultiplier * fallingdecaycounter)// * avgdecaymultiplier
risingdecay = (risingdecaymultiplier * risingdecaycounter)// * avgdecaymultiplier

//topdecay2 = topdecay - fallingdecay
//botdecay2 = botdecay + risingdecay
//  ||---   Get the margin for entry
tmargin = topdecay - (fallingdecaymultiplier*marginmultiplier)
bmargin = botdecay + (risingdecaymultiplier*marginmultiplier)
//  ||---   Detect if price is in challenge zone or outside(trending/breakout)
breakoutup = close > bmargin ? true : false
breakoutdown = close < tmargin ? true : false
//  ||---   Color Switchs:
topdecaycolor = breakoutdown ? topdecay < topdecay[1] and topdecay >= high ? maroon : na : topdecay < topdecay[1] and topdecay >= high ? gray : na
botdecaycolor = breakoutup ? botdecay > botdecay[1] and botdecay <= low ? green : na : botdecay > botdecay[1] and botdecay <= low ? gray : na
//  ||---   Outputs:
plot(hidefallingline ? na : topdecay, color=topdecaycolor, style=linebr, linewidth=2, join=true)
plot(hiderisingline ? na : botdecay, color=botdecaycolor, style=linebr, linewidth=2, join=true)
//plot(topdecay+fallingdecaymultiplier, color=topdecaycolor, style=circles, linewidth=2)
//plot(botdecay-risingdecaymultiplier, color=botdecaycolor, style=circles, linewidth=2)
plot(hidetopmargin ? na : tmargin, color=topdecaycolor, style=linebr, linewidth=1, join=true)
plot(hidebottommargin ? na : bmargin, color=botdecaycolor, style=linebr, linewidth=1, join=true)

Comments

Hi , This looks fantastic. Can u explain how to signal from it in detail?
+1 Reply
Hi dear
How can I learn these curves? Can you help me?
Reply
wOW !
Reply
This is great! Is it possible to extend the lines similar to automatic trendlines that use circles?
Reply
Secksy, Thanks
Reply
Absolutely fantastic work here Ricardo. Will be studying this in detail - thankyou for sharing!
Reply
Just have to give you kudos -- really clever programming here! Well done :D
Reply
RicardoSantos SPYderCrusher
thx :)
Reply