◊ Introduction This script makes use of a sliding matrix, to search the highest/lowest point in the slider, it then counts the amount of times it was high/low, giving the distance from a previous high/low. Every High/low are granted values, being a lower value for shorted periods, and a larger value for Longer periods. This reveals the different period lengths of active frequencies.
Doing this with different slider lenghts would result in measuring with different mean period lenghts.
◊ Origin From my dream last night.
This is a part of Project XIAM. ◊ Theoretical Approach Philosophy β :: Rythmic Searching for the period lenght of several frequencys at once.
◊ Usage This is an alalythical tool, to be used for Automatically adjusting settings on Indicators that presume a period length for calculation. Calculations are based on Past values, and no reversal measures or fail-safes are applied, so it will only be useful during a continuation of trend.
◊ Features Matrix Calculation of Lowest/Highest points in a sliding series with Steady Length. In the future Several slider lenghts will be applied to search for Frequencies of different magnitudes.
Lenght between TOPS, DIPS , and an SMA that smoothens this. BIAS Is TOP to DIP Minus DIP to TOP, to uncover Bullish/Bearish index of market movements.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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