hecate

Should I FOMO??

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Should I FOMO?? (number of revisited candles in a timeframe)
=============================================================
idea: hecate
I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P
with the idea that i should not panic and maybe just wait patiently for a better price.
Just set the period P to your desired timeframe, days hours, whatever and WAIT patiently because many times it does come back :D and many times !!

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//@version=2

//Should I Panic?? (number of revisited candles in a timeframe)
//=============================================================
//idea: hecate
//I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P
//with the idea that i should not panic and maybe just wait patiently for a better price.
//Just set the period P to your desired timeframe, days hours, whatever and WAIT patiently because many times it does come back :D and many times !!

study("Should I FOMO??",overlay=true)

c=input(close)
barsback=input(title="Barsback Period (def is num of hours in a day)",type=integer,defval=168,minval=10,maxval=600)
smoothing=input(title="Smoothing",defval=2,minval=2,maxval=50)

zs(a,b)=>(a-linreg(a,b,0))/stdev(a,b)

revisit(a,b,p)=>
    tot=0
    for i = 0 to p-1
        if(cross(a,b[i]))
            tot:=tot+1
    return = tot

r=linreg(100*revisit(c,c,barsback)/barsback,smoothing,0)
md=linreg(r,600,0)
rv=(r>=md*1.5) ? 3  : (r>=md*0.5) and (r<md*1.5) ? 2 : (r<md*0.5) ? 1 : 1

col1=red
col2=yellow
col3=green

plot(close,style=line,color=rv==1?col1:rv==3?col3:rv==2?col2:na,linewidth=2,transp=0)


man can u teach a math noob how the fuq thisd works looks reallyi nteresting
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great idea, but i'm not seeing the revisiting frequncy, just lines.
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What is a, b and p? I believe p is the period, but then a and b? Thanks.
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hecate telepatico
a y b are the values to compare. Normally close and close but you could use close and 3420 to check the times we have revisited 3420 or you could use open and open, volume volume, etc and p is the period.
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Thanks a lot.
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