[RS]Decay Channel Candles V0

FX:EURUSD240

Euro Fx/U.S. DollarFXCM

Beskrivning

⋅ 30 jun 2015 19:20

EXPERIMENTAL: Experiment using Linear Regression based on %atr for decay(decay option is a mutiplier for the atr).

Versionsinformation

⋅ 1 jun 2023 17:44

Update for V5.

Kommentarer

UDAY_C_Santhakumar

⋅ 1 jul 2015 20:09

Good indicator, for an Options trader. How and when to manage positions. Etc. Good job. Keep it flowing.......

RicardoSantos

⋅ 1 jul 2015 12:17

it uses linear regression to map breakouts, on tight ranges you would need to accommodate the volume of decay manually to adjust to the tighter volatility(usually on accumulation zones but not limited as high volume volatility can result on the same effect), for clarification this is a lagging indicator and its purpose should be to give a better understanding of the underlying movement.

MarkLangley

⋅ 1 jul 2015 14:47

thats great thank you Ricardo now let me dig deeper appreciate chart and explanation

ibraheemhsn

⋅ 22 sep 2017 05:56

Thanks for sharing,
I have quick question: how to draw lines ?

Draw_line(price1, candle1, price2, candle2)

how to achieve this function ?

RicardoSantos

⋅ 22 sep 2017 06:26

@ibraheemhsn, try this:
tradingview.com/script/cAgLK3RG-Function-2-Point-Line-V1/
or this:
tradingview.com/script/yslYOAY2-Function-2-Point-Line-using-UNIX-TIMESTAMP-V1/

ibraheemhsn

⋅ 22 sep 2017 06:29

@RicardoSantos, Thank you a lot

MarkLangley

⋅ 1 jul 2015 11:12

Hey Richardo can you give an explanation and your thought process for fuller understanding ..thank you

accidentje

⋅ 1 jul 2015 10:27

Hi Ricardo, could you elaborate on how to read the indicator? Thanks

Futuraman

⋅ 1 jul 2015 02:38

Sweet!

Mer