OPEN-SOURCE SCRIPT
Recursive Differenciator

Introduction
Cycles can be spotted by using a wide range of methods, most of them will involve bandpass filtering, here i will show a method using recursion with the change() function.
The Indicator
As i explained in other indicators using recursion i posted rescaling the input is important, i will use the rsi of an exponential moving average as input. alpha control the amount of output the indicator will use as input, values closer to 0.5 will use more input resulting in more periodic results.

Lowering alpha when length is higher can help get more periodic results.
Conclusion
I have showed a new cycle indicator using recursion. Recursion with oscillators can highlights cycles in price thus being easier to predict.
Thanks for reading !
Cycles can be spotted by using a wide range of methods, most of them will involve bandpass filtering, here i will show a method using recursion with the change() function.
The Indicator
As i explained in other indicators using recursion i posted rescaling the input is important, i will use the rsi of an exponential moving average as input. alpha control the amount of output the indicator will use as input, values closer to 0.5 will use more input resulting in more periodic results.
Lowering alpha when length is higher can help get more periodic results.
Conclusion
I have showed a new cycle indicator using recursion. Recursion with oscillators can highlights cycles in price thus being easier to predict.
Thanks for reading !
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.
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
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.
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
"My heart is so loud that I can't hear the fireworks"
"My heart is so loud that I can't hear the fireworks"
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.