Similarity Search, Karobein oscillator (KO) and Seasonal Random Index (SRI)
Description:
This indicator uses dynamic capabilities of Pinescript version 4 coupled with Seasonal Random Index (SRI) and Karobein Oscillator (KO). SRI (green/red areas) is employed to detect trends and KO (black curce) is used to find historical similarities to predict the next bar's direction. The midline arrows are the predictions produced by the similarity search algorithm.
Versionsinformation
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A note on the Similarity Search Algorithm
The Similarity Search Algorithm is based on the assumption that a centralized osccilator bound to a predefined range of values has got a predictive power. The above algorithm is looking for historical similarity given a stretch of the most recent bars.
Really all your scripts are quite underrated. I think you deserve more attention. Keep up with the good work dude
capissimo
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@hpq2412, thx ;)
UnknownUnicorn6774437
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@hpq2412, I agree! This is a very talented master! And each idea is very interesting. always waiting for new scripts.
cryptohell2021
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Like other scripts, this is what you can call magic!
Is there any possibility to find similar situation according to BB + Stochastic + RSI ?
fafpo_invest
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🔥👍
neojasta
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awesome script bro.
UnknownUnicorn6774437
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Thank you for sharing your magical ideas!
TheFirstHerodotus
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Thank you @capissimo this is another very interesting script. Does it repaint?
capissimo
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@TheFirstHerodotus, Not in the proper sense of the word. This script looks at a broader point of view. It gathers statistics and shows it to you in 4! aspects (SRI, KO, similarity search results and prediction line). Tip: set prediction line lag to a smaller number, say, 14.