Get started

K-macd

5min MACD scalp by JoelThis strategy is inspired by a youtuber called Joel on Crypto. He trades this using Ema, MACD indicators and his own experience. For more information, check out his Best Crypto Scalping Strategy for the 5 Min Time Frame video. I have tried to automate this a little. Long or Short trades are determined with a crossing of the fast Ema over the slow Ema for Long and the opposite for Short. Trades should only happen close to the crossovers. Then for Long we use the MACD indicator with a 1min TF (I had better results using the 5min) where we look for high peaks in negative values for Long and vice versa for Shorts. These should be significantly higher than other peaks (or if you will lower peaks for a Long). Hence, the key is to detect high peaks on the histogram, which I try to achieve by checking if the last 2 values were higher than X bars back. If you want to make it even more specific, then you can turn on the additional checkbox which compares the current value to the average value of X bars back, and if it is greater than, say, 50% the value of the average (= 1.5x the average), then it's ok for the trade. I also noticed that the strategy often bought at the top or bottom, so I added a check that compares whether the last evaluated bar is the first rising bar (for Long) or falling bar (for Short). This can be turned on or off. Target profit 0,5% and stop loss 0,4% are based on his recommendation. The strategy is set to take only 1 trade at a time , and you can have a back tester table on. I'm still a pine script beginner, so the strategy is certainly not perfect and could be improved. If you have any tips on how to improve it further, please let me know. I will try to update it when I have time. I would also like to thank Joel on Crypto for sharing the strategy and @ZenAndTheArtOfTrading for his great library and code (thanks to him we have a back tester table in here), but especially his educational videos on youtube, which taught me a lot about pine script.
Pine Script® strategy
by Zippy111
67
(Short) EMA200+Parabolic SAR+MACD+TP&SL By Nussara (strategy)This indicator is backtest of “ (Short) EMA 200 + Parabolic SAR + MACD + Take Profit and Stop Loss” You can simulate trading by setting your own funds and trading fees. And you can adjust various parameter settings to get the results you want. Exponential Moving Average Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction, though they lag due to being based on past prices. Despite this, moving averages help smooth price action and filter out the noise. EMA=Price(t)×k+EMA(y)×(1−k) where: t=today y=yesterday N=number of days in EMA k=2÷(N+1) Parabolic SAR The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR . It aims to identify potential reversals in the price movement of traded assets. MACD Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA . The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. EMA 200 + Parabolic SAR + MACD (Short) formula 1. The price closes below the ema200 line. 2. MACD Line cross down Signal Line" 3. Parabolic SAR above the bar means that it is a downtrend. If all three are true, the indicator will have a Short signal. Risk to Reward Ratio = 1:1 Stop loss = Parabolic SAR point. This indicator is just a tool for technical analysis . It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Pine Script® strategy
by omoshiro
4
(Short) EMA200 + Parabolic SAR + MACD + TP&SL By Nussara (study)This strategy, I call it “ (Short) EMA 200 + Parabolic SAR + MACD + Take Profit and Stop Loss” It’s a combination of three strategies: EMA 200, Parabolic SAR , and MACD together Exponential Moving Average Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction, though they lag due to being based on past prices. Despite this, moving averages help smooth price action and filter out the noise. EMA=Price(t)×k+EMA(y)×(1−k) where: t=today y=yesterday N=number of days in EMA k=2÷(N+1) Parabolic SAR The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR . It aims to identify potential reversals in the price movement of traded assets. MACD Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA . The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. EMA 200 + Parabolic SAR + MACD (Short) formula 1. The price closes below the ema200 line. 2. MACD Line cross down Signal Line" 3. Parabolic SAR above the bar means that it is a downtrend. If all three are true, the indicator will have a Short signal. Risk to Reward Ratio = 1:1 Stop loss = Parabolic SAR point. This indicator is just a tool for technical analysis . It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together. พ.ย. 4
Pine Script® indicator
by omoshiro
2
MACD Performance - TradingEDThis case study is based on a previous MACD study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level , from beginner to intermediate and advanced . Key components of the original indicator: ● The Moving Average Convergence Divergence ( MACD ) is calculated by subtracting a long period (26) Exponential Moving Average ( EMA ) from a short (12) period EMA . ● MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. ● The speed of crossovers is also taken as a signal of a market is overbought or oversold. ● MACD helps traders to understand whether the bullish or bearish movement in the price is strengthening or weakening. It is a momentum indicator that follows the trend and shows the relationship between two moving averages of the price of a security. It can function as a trigger for buy and sell signals, when you cross above (to buy) or below (to sell) your signal line. It helps to understand if the movement is bullish or bearish , if it is getting stronger or weaker. The further the MACD is above or below its baseline, it indicates that the distance between the two EMAs will be growing, often shown with a histogram that graphically represents the distance between the MACD and its signal line, and It is used to identify when the bullish or bearish momentum. Main functions of this modified indicator: 1) You can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.) 2) The SOURCES for the counts can be determined by the trader (close, open, etc). 3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style. 4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience. 5) You have the option to hide or show the HISTOGRAM or even the MACD if you want to see one of them. 6) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. Main performance functions of this modified indicator: I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box. II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. * III) The BACKGROUND of the PERFORMANCE, you can customize the default color. * IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart. Main functions to customize the style of this indicator: a) You can select the colors for the FAST LENGTH, SLOW LENGTH AND HISTOGRAM with the colors that best suit you. * ** b) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. * c) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. * d) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH, with the colors that best suit you. * e) You can select the color for the ZERO LEVEL, with the colors that best suit you. * By default, they are marked as red for downtrends and green for uptrends. ** By default, they are marked as orange for downtrends and blue for uptrends.
Pine Script® indicator
by Trading_ED
Zero-Lag MTF PSAR MACD with Bollinger Bands v1.0 [loxx]Zero-Lag MTF PSAR MACD with Bollinger Bands v1.0 This is an experimental indicator that captures PSAR movements on seven different timeframes in order to improve trend detection on the daily timeframe. The seven PSARs are averaged and then fed into a zero-lag MACD function where the average of the PSARs is the source for the slow moving average and the daily timeframe close is the sourse of the fast moving average. Things to know: - Dark Green Background: All seven PSAR waves are above the closes of the PSARs respective timeframes; i.e., macro trend up - Dark Red Background: All seven PSAR waves are below the closes of the PSARs respective timeframes; i.e., macro trend down - Histogram and bar coloration is based on the difference between close and the average of all seven PSARs - Various color schemes included - Indicator has neither been backtested nor tuned with a strategy backtest How to use: Reversal Longs and Shorts - Bollinger Bands show movement outside of normal deviation around the zero line. Wait for MACD to reach the either side top or bottom of Bollinger Bands for reversal long and reversal short respectively - Check that MACD has crossed over or under the Signal line; i.e., denoted with a green dot for cross up and red dot for cross down - Check dark background colors to see where the PSAR waves are currently situated and whether PSAR wave direction has aligned on all time frames Longs and Shorts - Longs: Check when MACD is above the zero line and the Signal line crosses over the zero line - Shorts: Check when MACD is below the zero line and the Signal line crosses below the zero line Strong Confluence: - Longs/Shorts: Whenever the MACD crosses up or crosses down over/under the Signal/Zero line while inside a candle with background highlighting - Reversals: Whenever the MACD crosses up or crosses down over/under the Signal/Zero line while inside a candle with background highlighting and at the very top/bottom or outside the top/bottom of the Bollinger Bands Comment below or send a PM with questions, comments, observations, or concerns.
Pine Script® indicator
by loxx
12
Data Trader Stoch | RSI | MACD Strategy IndicatorImplementation of Data Trader's strategy, described in the youtube video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy (Proven 100x)" Also see Algovibes' video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy? Testing Data Traders strategy in Python" Note: Despite the claims, it generates barely, if any, signals, certainly in the crypto markets If there are any mistakes, give feedback in the comments, and I'll fix ### Strategy Summary ### # Long Signals # Stoch K and D are oversold RSI above midline MACD above signal line # Short Signals # Stoch K and D are overbought RSI below midline MACD below signal line # Stop loss and Take Profit # Stop loss Longs: below last swing low Shorts: above last swing high Take profit at 1.5x stop loss
Pine Script® indicator
by CryptoniteClark
2
MacD Short and/or Long with Bi-Directional TP and SL This tool allows you to test any variable value for MacD and Signal for going Long or Short with each market direction having customizable values for stop loss and take profit. For example, sometimes the MacD and Signal values are better with different lengths between Short and Long. You can use this tool to see them overlaid and determine the best settings for going one direction or the other. This script was preset for use with XBTUSD on the 4 hour time frame. Another example with this in mind, is take profits and stop losses might not work in the Long market direction but going Short does! Without this tool that would be hard to see since typically stop loss and take profit is applied to both directions. I found with this tool that a 20% take profit seems to be a good sweet spot for going short with this strategy. You can customize which MacD histogram you see by going to the style section and turning off the Short or Long parameters so you can see only 1 histogram at a time if you wish. If you have any questions, please PM me.
Pine Script® strategy
by Gentleman-Goat
19
Scalping Trading System bot Crypto and StocksThis is a trend trading strategy scalping bot that can work with any type of market. However I concluded my tests so far with Crypto, Stocks and Forex, and with optimizations always could be found some profitable settings. Indicators SImple Moving Average Exponential Moving Average Keltner Channels MACD Histogram Stochastics Rules for entry long= Close of the candle bigger than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is negative and stochastic is below 50. short= Close of the candle smaller than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is positive and stochastic is above 50. Rules for exit We exit when we meet an opposite reverse order. This strategy has no risk management inside, so use it with caution !
Pine Script® strategy
by exlux
23
RSI MACD Same RatioこのインジケータはRSIとMACDを同比率で表示するものです。 なぜ同比率で表示するのでしょうか。 同比率で表示することでRSIとMACDのダイバージェンスを同時に確認することができます。 私には思いつきませんが、他にも使い道はあるかもしれません。 必要と感じた場合はぜひ使ってみてください。 ※同比率で表示するためにRSIとMACDの値を変更しています。 そのため、値はあくまで参考程度にご覧ください。 注目すべきはラインのみです。 使う場合は「adjustment ratio」に適当な値を入れて、RSIの比率とMACDの比率を合わせてください。 それでは良いトレードライフを。 ----- This indicator shows RSI and MACD in equal proportions. Why are they displayed at the same ratio? By displaying at the same ratio, you can check the divergence of RSI and MACD at the same time. I can't think of it, but there may be other uses. If you feel it is necessary, please use it. caution! The RSI and MACD values are changed to display the same ratio. Therefore, please see the values for reference only. Only the line should be noted. When using it, enter an appropriate value in "adjustment ratio" and match the RSI ratio with the MACD ratio. Let's have a good trade life.
Pine Script® indicator
by dkndkn
Vertex EMA StrategyRecently found an article sharing an EMA strategy written by Vertex. I copied a majority of the Long conditions into code here with some visual aid. Essentially, watch for a the 8 EMA to be greater than the 21 EMA, and all the EMA's to be spread apart. Then get your trigger bar from a retracement from the 8 bar EMA. Stop on the lowest low of the past 5 bars, or on EMA 8 crossunder EMA 21. This is intended to only be used on a 1h chart. This was made for a friend. Disclaimer : Please do your own research before making any decisions financially. I am not your financial advisor.
Pine Script® indicator
by OztheWoz
MACD With Crossings and Above Below ZeroMACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI Primarily a moving average convergence divergence (MACD) momentum indicator. Also includes a MACD Derivative overlay to show when momentum has peaked. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses above/below zero to indicator stronger momentum trend). Includes shading for average directional index (ADX) to futher determine when the price is trending strongly (red when the ADX value is greater than 25, and idicating a strong trend; otherwise blue). Lastly, has a relative strength index (RSI) momentum indicator overlayed to help evaluate periods of overbought or oversold conditions.
Pine Script® indicator
by Kgroomes
1
MACD-EDT "EMA DEMA TEMA" [DM]Greetings to all colleagues Today I share a MACD with the EMA , DEMA , TEMA variants. The aim is that they can see how the signals vary from a normal MACD to one with the averages created by Patrick Mulloy (1994) Variables of this MACD: EMA = Exponential Moving Average DEMA = Double Exponential Moving Average TOPIC = Triple Exponential Moving Average He also has in the arsenal: SMA Simple Moving Average WMA Weighted Moving Average Plus...: Volume-weighted variant in all of them Visual options: Points at the crossroads Shadows on the body of the signals All colors are customizable Histogram and shadow are gradients at 15 steps It has switches for: Shadow Histogram Macd and signal Crosses Some minor details remain to be incorporated in the next few days. Pre-cross calculation. Alerts Bar color Enjoy!!! ;-)
Pine Script® indicator
by dgmoon
1
Vision Essentials - MACDVision Essentials - MACD is the second indicator in our Essentials pack. It's a fully customizable MACD indicator with some extra perks the Vision team feels provides helpful & simplified insight when studying a chart. What makes this indicator different? Under the Standard mode you'll feel right at home compared to a standard macd indicator. Our Advanced mode is where things change a bit more. Under Advanced mode outside of the visual customization we provide visual outputs identifying bullish/bearish crossovers of the macd & signal, and track the high and low points of the macd with a second set of colors which users can customize. We also plot text in these areas so there's a clear indication of what the changing colors mean. How do I use this indicator? To start, it's best you have an understanding of what MACD (moving average convergence divergence) is. There are lots of great educational ideas here on TradingView which we recommend absorbing. We highly recommend you start with this article directly from the TradingView Help Center Settings MACD Mode - Standard provides you with a closer to traditional style MACD whereas Advanced at a glance highlights areas such as crossover points, highs, lows, and current direction relative to histogram movement. MACD Settings - Select the source & values used for the macd calculations. close is the most commonly used source, and 12/26/9 are the most common length values. Adjust these to see how the indicator behaves. Lowering the fast and slow values will result in more activity, but be aware that doesn't = more accuracy. Standard Visual Settings - STANDARD MODE: These settings will adjust the color you want to use as an indication of bullish & bearish movement. Advanced Visual Settings - ADVANCED MODE: Use these settings to adjust the color you want to use as an indication of bullish, bearish, recent macd highs, recent macd lows, and text color. High/Low Distance - ADVANCED MODE: This setting defines how far back the indicator looks to find the most recent highs/lows of macd. Enable Crossover Bars - ADVANCED MODE: This settings enables the vertical bars that connect the center of the histogram to the macd/signal "wave" to indicate where crossovers are happening.
Pine Script® indicator
by VisionTradingApp
MACD EMA (by WJ)NOTE: // MACD AND EMA CODE TAKEN FROM DEFAULT INDICATOR // I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID // I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT MACD EMA: Bar colour and background colour Buy signal shows when MACD does crossover below 0 line while above EMA (default 200) Sell signal shows when MACD does crossover above 0 line while below EMA (default 200) Alert notifications included
Pine Script® indicator
by Tutorial05
MACD StrategyNRTH_ MACD strategy, packed with alerts, visual backtesting, and ready for automation. Comes included with the Premium Package. Indicator features Built-In Alerts Visual Risk Management Customizable Entry Rules Usage Tips Works on any timeframe, tweak period lengths accordingly. Recommended for use on higher timeframes, with the MA Filter Simple, and customizable MACD strategy, trade with a defined exit strategy and entry parameters. Works for all markets with the ability to customize to your liking. Backtesting Results Info Period 1/1/2021-1/10/2021 Entry value at $1000 with 10x leverage ATR Exits : 1:2 RR ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® strategy
by NRTH_Indicators
1
Special Long Short ConditionsIt generates buy and sell signals using a special algorithm when various moving averages approach and diverge from the price. It aims to stay in the trend as long as possible. Please control the risks of your investments well. It is not investment advice. It calculates using fast, slow period and distance and near distance units. You can adapt it by changing the parameters, but too much optimization is not recommended. Cesitli hareketli ortalamalarin fiyata yakinlasmasi ve uzaklasmasi durumunda ozel bir algoritma kullanarak al ve sat sinyalleri uretir. Trendde mumkun olabildigince kalabilmeyi amaclar. Lutfen yatirimlarizda risklerini iyi kontrol edin. Yatirim tavsiyesi degildir. Hizli,yavas periyot ve uzak, yakin uzaklik birimlerini kullanarak hesaplama yapar. Parametreleri degistirerek kendinize uyarlayabilirsiniz fakat cok fazla optimizasyon tavsiye edilemez.
Pine Script® indicator
by ismail-pehlevan
2
MACD PlusMoving Average Convergence Divergence – MACD The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum. Added Color Plots to Settings Pane. Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature. Added Ability to Turn ON/OFF Show MacD & Signal Line. Added Ability to Turn ON/OFF Show Histogram. Added Ability to Change MACD Line Colors Based on Trend. Added Ability to Highlight Price Bars Based on Trend. Added Alerts to Settings Pane. Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert. Alerts are Pre-Set to only Alert on Bar Close. Added ability to show Dots when MACD Crosses. Added Ability to Change Plot Widths in Settings Pane. Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default). Squeeze Pro Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC. In this version, I've given the freedom to change this and try out different types of moving averages. The original squeeze indicator had only one Squeeze setting, though this new one has three. The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings. The orange dot Squeeze is the original from the first Squeeze indicator. And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression. Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where : DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength Label : Displaying the trend strength and direction Displaying adx and di+/di- values Displaying adx's momentum (growing or falling) Where tooltip label describes "howto read colored dmi line" Ability to display historical values of DMI readings displayed in the label. Added "Expert Trend Locator - XTL" The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings. Blue bars are bullish and indicate a potential upwards impulse. Red bars are bearish and indicate a potential downwards impulse. White bars indicate no trend is detected at the moment. Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets. The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up. The FE green triangles are "Filtered Entries" The AE green triangles are "Aggressive Filtered Entries"
Pine Script® indicator
by OskarGallard
44
Pythagorean Moving Averages (and more)When you think of the question "take the mean of this dataset", you'd normally think of using the arithmetic mean because usually the norm is equal to 1; however, there are an infinite number of other types of means depending on the function norm (p). Pythagoras' is credited for the main types of means: his harmonic mean, his geometric mean, and his arithmetic mean: Harmonic Average (p = -1): - Take the reciprocal of all the numbers in the dataset, add them all together, divide by the amount of numbers added together, then take the reciprocal of the final answer. Geometric Average (p = 0): - Multiply all the numbers in the dataset, then take the nth root where n is equal to the amount of number you multiplied together. Arithmetic Mean (p = 1): - Add all the numbers in the dataset, then divide by the amount of numbers you added by. A couple other means included in this script were the quadratic mean (p = 2) and the cubic mean (p = 3). Quadratic Mean (p = 2): - Square every number in the dataset, then divide by the amount of numbers your added by, then take the square root. Cubic Mean (p = 3): - Cube every number in the dataset, then divide by the amount of numbers you added by, then take the cube root. There are an infinite number of means for every scenario of p, but they begin to follow a pattern after p = 3. Read more: www.cs.uni.edu en.wikipedia.org en.wikipedia.org Note : I added the functions for the quadratic mean and cubic mean, but since market charts don't have those types of graphs, the functions don't usually work. It's the same reason why sometimes you'll see the harmonic average not working. Disclaimer : This is not financial or mathematical advice, please look for someone certified before making any decisions.
Pine Script® indicator
by OztheWoz
4