█ CALCULATE PSEUDO-RENKO VALUE Calculates and returns the Pseudo-Renko Stabilized value (or close price) based on a given input value, along with the direction of the current Renko brick. This function adapts the traditional Renko brick size dynamically based on the volatility of the input value using a combination of SMA and EMA calculations. The calculated...
This is a personal experimental stabilizer , which utilizes multitiered highest and lowest levels to hold an average with historical levels where the source value has a bias direction. Settings Smoothing ema length Lines count for additional passes (forming a pseudo ribbon) User choice of 2 colors to fade between Bias choice input to either follow a...
This experimental moving average references the highest percent distance from source to historical output The length is adapted by - tightening as the source and output distance grow - loosening when the output has caught up. Can be used "indicator on indicator" as a smoother or stabilizer.