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peacefulLizard50262

Vector Scaler

peacefulLizard50262 Updated   
Stochastic Oscillator Stochastic RSI (STOCH RSI) Pine utilities function functions normalize normalized
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stochastic stochasticrsi pineutilities function functions normalize normalized
Vector Scaler is like Stochastic but it uses a different method to scale the input. The method is very similar to vector normalization but instead of keeping the "vector" we just sum the three points and average them. The blue line is the signal line and the orange line is the smoothed signal line. I have added the "J" line from the KDJ indicator to help spot divergences. Differential mode uses the delta of the input for the calculations. Here are some pictures to help illustrate how this works relative to other popular indicators.


Vector Scaler vs Stochastic
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Vector Scaler vs Smooth Stochastic RSI
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average set to 100
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average set to 200
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Release Notes:
Major update that fixes everything

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Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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