OPEN-SOURCE SCRIPT
Power Law Euclidean Distance
This script calculates the Euclidean Distance from current price and time to the Power Law expressed as a line equation (log-log).
The current price and time are processed as the logarithms of price and time because the power law is a line only when we use a logarithmic scale on both price and time
The current price and time are processed as the logarithms of price and time because the power law is a line only when we use a logarithmic scale on both price and time
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.