One-Sided Gaussian Support & Resistance Rate [Loxx] — Indicator by loxx

ehlers fishertransform gaussian supersmoother 2polesupersmoother gaussianmovingaverage gaussianfilter onesidedgaussian

One-Sided Gaussian Support & Resistance Rate is a mean reversion oscillator much like Fisher Transform. This indicator is built using a one-sided Gaussian filter. If you pair this with Fisher Transform and line up the settings, you'll notice similar outcomes. You'll notice that as the oscillator levels out at around zero or one that this signifies a zone of resistance or support. See here for more details on calculating the OS Gaussian Filter:

One-Sided Gaussian Filter w/ Channels [Loxx]

Included:

Bar coloring
Signals
Alerts
Ehlers 2-Pole Super Smoothing for smoothing source inputs

Release Notes:

Unrestricted levels ingest.

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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.

Disclaimer

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