Library "math" It's a library of discrete aproximations of a price or Series float it uses Fourier Discrete transform, Laplace Discrete Original and Modified transform and Euler's Theoreum for Homogenus White noice operations. Calling functions without source value it automatically take close as the default source value. Here is a picture of Laplace and...
Introducing the Pivot Profit Target! This script identifies recent pivot highs/lows and calculates the expected minimum distance for the next pivot, which acts as an approximate profit target. The image above details the indicator's output. The image above shows a table consisting of projection statistics. How to use The Pivot Profit Targets can be...
Downside deviation is a measure of downside risk that focuses on returns that fall below a minimum threshold or minimum acceptable return (MAR). It is used in the calculation of the Sortino ratio, a measure of risk-adjusted return. The Sortino ratio is like the Sharpe ratio, except that it replaces the standard deviation with downside deviation.
🔵 Introduction The "Refinement" feature allows you to adjust the width of the order block according to your strategy. There are two modes, "Aggressive" and "Defensive," in the "Order Block Refine". The difference between "Aggressive" and "Defensive" lies in the width of the order block. For risk-averse traders, the "Defensive" mode is suitable as it provides a...
The "Stochastic Z-Score Oscillator Strategy" represents an enhanced approach to the original "Buy Sell Strategy With Z-Score" trading strategy. Our upgraded Stochastic model incorporates an additional Stochastic Oscillator layer on top of the Z-Score statistical metrics, which bolsters the affirmation of potential price reversals. We also revised our exit...
Library "Crypto" This Library includes functions related to crytocurrencies and their blockchain btcBlockReward(t) Delivers the BTC block reward for a specific date/time Parameters: t (int) : Time of the current candle Returns: blockRewardBtc
Profitability Power Ratio The Profitability Power Ratio is a financial metric designed to assess the efficiency of a company's operations by evaluating the relationship between its Enterprise Value (EV) and Return on Equity (ROE). This ratio provides insights into how effectively a company generates profits relative to its equity and overall...
Dividend-to-ROE Ratio Indicator The Dividend-to-ROE Ratio indicator offers valuable insights into a company's dividend distribution relative to its profitability, specifically comparing the Dividend Payout Ratio (proportion of earnings as dividends) to the Return on Equity (ROE), a measure of profitability from shareholder equity. Interpretation: 1. Higher...
This script visualizes the relative performance of a primary asset against a benchmark composed of three reference assets. Here's how it works: User Inputs: - Users specify ticker symbols for three reference assets (default: Platinum, Palladium, Rhodium). Data Retrieval: - Fetches closing prices for the primary asset (the one the script is applied to) and...
Year over year indicator which will benchmark the most recent data vs 1 year lookback; Will automate the lookback for quarterly and monthly data based on timeframe selected (3M for quarterly, 1M for monthly). Tradingview will aggregate weekly data into a monthly data point. SMA applied to get the average over some x period.
Library "MathTransform" Auxiliary functions for transforming data using mathematical and statistical methods scaler_zscore(x, lookback_window) Calculates Z-Score normalization of a series. Parameters: x (float) : : floating point series to normalize lookback_window (int) : : lookback period for calculating mean and standard deviation Returns:...
Natural log indicator for normalizing data. SMA applied so you can take the average of that normalization factor. Personally use it for US economic data where the value is very large (GDI, Fed Balance Sheet, USM2 etc.) and the year over year delta is not pertinent (USM2) or not available (GDI.. although I did make an indicator to get YoY :D). Any additional...
Understanding the CAPEX Ratio: An Essential Financial Metric Introduction In the world of finance, understanding how companies allocate their resources and reinvest their earnings is crucial for investors and analysts. One fundamental metric used to assess a company's investment behavior is the CAPEX Ratio. This article delves into what the CAPEX Ratio...
This library is designed to aid traders and developers in calculating risk metrics efficiently across different asset types like equities, futures, and forex. It includes comprehensive functions that calculate the number of units or contracts to trade, the value at risk, and the total value of the position based on provided entry prices, stop levels, and risk...
🟧 GENERAL The script works on the Monthly Timeframe and has 2 main settings (explained in FEATURES ). It uses the US CPI data, reported by the Bureau of Labour Statistics. 🔹Functionality 1: The main idea is to plot the distance between the CPI line and the 5 year moving average of the CPI line. This technique in mathematics is called "deviation from the moving...
Library "Monty3192_Library" Libreria Monty3192 - MontyTrader calc_func(inversion1, inversion2, inversion3, inversion4, inversion5, inversion6, inversion7, inversion8, inversion9, inversion10, precio1, precio2, precio3, precio4, precio5, precio6, precio7, precio8, precio9, precio10, act_1, act_2, act_3, act_4, act_5, act_6, act_7, act_8, act_9, act_10)...
Hello there! I am excited to introduce a new original indicator, the Kalman Filter Volume Bands. This indicator is calculated using the Kalman Filter, which is an adaptive-based smoothing quantitative tool. The Kalman Filter Volume Bands have two components that support the calculation, namely VWAP and VaR. VWAP is used to determine the weight of the Kalman...
Library "Useful_lib_public" Useful functions CountBarsOfDay() count bars for one for the diffrent time frames Returns: number of bars for one day LastBarsOfDay() Index number for the las bar for one day Returns: TRUE is that the last bar from day isTuesday() TRUE is tuesday Returns: TRUE is tuesday else FALSE Rsi(src, len) RSI...