thequantscience

Yield Trend Indicator - The Quant Science

Yield Trend Indicator - The Quant Science™ is a quantitative indicator representing percentage yields and average percentage yields of three different assets.

Percentage yields are fundamental data for all quantitative analysts. This indicator was created to offer immediate calculations and represent them through an indicator consisting of lines and columns. The columns represent the percentage yield of the current timeframe, for each asset. The lines represent the average percentage yield, of the current timeframe, for each asset.

The user easily adds tickers from the user interface and the algorithm will automatically create the quantitative data of the chosen assets.

The blue refers to the main asset, the main set on the chart.
The yellow refers to the second asset, added by the user interface.
The red refers to the third asset, added by the user interface.

The timeframe is for all assets the one set to the chart, if you use a chart with timeframe D, all data is processed on this timeframe. You can use this indicator on all timeframes without any restrictions.

The user can change the type of formula for calculating the average yield easily via the user interface. This software includes the following formulas:

1. SMA (Simple Moving Average)
2. EMA (Exponential Moving Average)
3. WMA (Weighted Moving Average)
4. VWMA (Volume Weighted Moving Average)

The user can customize the indicator easily through the user interface, changing colours and many other parameters to represent the data on the chart.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact thequantscience for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

You can unlock this indicator from our website. For any information or questions about this script contact us on Trading View private chat.

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