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PROTECTED SOURCE SCRIPT

α-Returns

By bharatTrader
Updated
  • Alpha Returns
Release Notes
  • Cosmetic
Release Notes
  • Fix, end points
Release Notes
  • Minor fix, to not show runtime exception if interval option is disabled.
Release Notes
  • Added Red and Green alpha Counts
  • Cosmetic changes
Release Notes
  • Summary text color now based on net(α)
Release Notes
α-Returns between two sessions with respect to any benchmark.

This indicator provides details of returns made against a benchmark (default: Nifty50) between 2 specified sessions. The two specified dates are provided as an interactive input when the indicator is added. It also possible to drag the input points after the indicator is added and the α-Returns are automatically adjusted.

The rolling session periods is configurable (default: 5), to indicate a rolling weekly α, on daily timeframe chart.
Release Notes
  • Color for Range of α - fixed
Release Notes
  • Added capability to display 500 labels
  • Negative alpha threshold labels added
Release Notes
  • Added benchmark alpha plot
  • Set default rolling to 10 bars
Release Notes
  • A trend reversal plot of α (Experimental)

On enabling this feature, a plot of the maximum alpha values for a particular swing on bullish and bearish side is drawn. The bullish side max alpha is plotted in blue while the bearish side max alpha is plotted in purple color. There is also an option to select minimum number of bars in the direction of a trend to establish a trend. Currently, it can be set from a range of 1 to 5 bars. Which means, a value of 3 will require minimum 3 bars in the direction of the trend to confirm the trend and start the max alpha calculation. For now this is an experimental feature.
Release Notes
  • Added support for marking "Max" alpha's on bullish and bearish side
  • Marking for reverse bar trend. Purple Circle = Bullish alpha is higher than last "Max" bearish alpha and Blue Circle = Bearish alpha is higher than last "Min" Bearish alpha
Release Notes
  • Added actual Max value instead of "Max" label
Release Notes
  • Separate options for peak and max alpha
Volatility

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