SMH Energy

Calculates the "energy" of the price of a given instrument by confining it into a channel and then modeling the sinusoidal movements that result from the transformation.

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Expanded Description:

Here is how it works: I apply Bollinger Bands to the price of an instrument. Then, the price is undergoing sinusoidal movements relative to the price channel, thus can be modeled by simple harmonic motion formulas. Next, solve the sine equation for angular frequency, then use it to calculate energy, with volume as mass.

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

lei_fu