PINE LIBRARY
SlopeUtils
Library "SlopeUtils"
calcSlope(src, atr_series, length)
Calculates a normalized slope based on price change relative to ATR.
Parameters:
src (float): (series float) The source input (e.g., close).
atr_series (float): (series float) The ATR value for normalization.
length (simple int): (simple int) The lookback period for the slope calculation.
Returns: (float) The normalized slope value.
calcSlope(src, atr_series, length)
Calculates a normalized slope based on price change relative to ATR.
Parameters:
src (float): (series float) The source input (e.g., close).
atr_series (float): (series float) The ATR value for normalization.
length (simple int): (simple int) The lookback period for the slope calculation.
Returns: (float) The normalized slope value.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.