This Indicator allows for a ‘Optimal Length’ to be inputted within the Settings as a Source. Unlike most Indicators and/or Strategies that rely on either Static Lengths or Internal calculations for the length, this Indicator relies on the Length being derived from an external Indicator in the form of a Source Input.
This may not sound like much, but this...
% X Change Over Y Amount of Time
Published by user Eric Thies on 9/3/2020
Relatively simple script that is measuring the performance of the input over the previous y # bars.
The EMA appears to make troughs and peaks easy to see coming / look at as they happen.
Orange Histogram Represents the immediate...
The purpose of this indicator is to detect when whales are around and draw a vertical line on hourly chart. But how do we detect them? By analyzing behavior. Usually whales scale in/out of positions a few days in a row and they also trade at the same time every day, because they are whales and don't care, they can move then market whenever they want.
ROC works great on data with only positive numbers (like prices).
But it fails to correctly represent the rate of change when source series have negative values.
ROC is positive when:
Source is positive AND Source is rising
OR Source is negative AND Source is falling
Percent change (PCT) is just a ROC that deals with this sign confusion.
Anyone with Data...