Quartile For Loop [SeerQuant]

Quartile For Loop (QFL) [SeerQuant]

- The Quartile For Loop (QFL) is an advanced trend-following and scoring oscillator designed to detect momentum shifts and trend transitions using a quartile-based analysis. By leveraging quartile calculations and iterative scoring logic, QFL delivers dynamic trend signals which can be tailored to suit various market conditions.

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⚙️ How It Works

1️⃣ Quartile-Based Calculation
The indicator calculates the weighted average of the first quartile (Q1), median (Q2), and third quartile (Q3) over a customizable length, providing a robust adaptive trend value.

2️⃣ For Loop Scoring System
A unique for-loop structure iteratively scores each quartile value against historical data, delivering actionable trend signals. Users can toggle between price-based and quartile-based scoring methods for flexibility.

3️⃣ Threshold Logic

• Bullish (Uptrend): Score exceeds the positive threshold.
  
• Bearish (Downtrend): Score falls below the negative threshold.
  
• Neutral: Score remains between thresholds.
  

4️⃣ Visual Trend Enhancements
Optional candle coloring and a color-coded SMA provide clear visual cues for identifying trend direction. The adaptive quartile is dynamically updated to reflect changing market conditions.

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✨ Customizable Settings

Indicator Inputs

• Quartile Length: Define the calculation length for quartile analysis.
  
• Calculation Source: Choose the data source for quartile calculations (e.g., close price).
  
• Alternate Signal: Toggle between price-based and quartile-based scoring.
  

Loop Settings

• Start/End Points: Set the range for the for-loop scoring system.
  
• Thresholds: Customize uptrend and downtrend thresholds.
  

Style Settings

• Candle Coloring: Enable optional trend-based candle coloring.
  
• Color Schemes: Select from five unique palettes for trend visualization.
  

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🚀 Features and Benefits

• Quartile-Driven Analysis: Harnesses the statistical power of quartiles for adaptive trend evaluation.
  
• Dynamic Scoring: Iterative scoring logic adjusts to market fluctuations.
  
• Clear Visual Representation: Color-coded histograms, candles, and trendlines enhance readability.
  
• Fully Customizable: Flexible inputs allow adaptation to diverse trading styles and strategies.
  

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📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Market analysis is inherently speculative and subject to risk. Users should consult a licensed financial advisor before making trading decisions. Use at your own discretion.

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