magicoctopusurn

CC - Array-meta Consolidated Interval Display (ACID)

This script extends my other two Array examples (which I've also provided to you open source):

The Ticker-centric 5m,15m,45m,1h,4h,1d resolution labels using arrays:

And the more Macro VIX , GLD , TLT , QQQ , SPY , IWM 1d resolution labels using arrays:

This script aims to show how to use min/max/ avg with Arrays easily. My next example after this will be exploring the usage of variance versus covariance ratios over different periodic interval resolutions. Currently, this is using the following intervals: 5m,15m,45m,1h,4h,1d. It takes these intervals, calculates the values at those resolutions and puts the absolute min and max from the 5 minute to the 1 day resolutions.

It's more of an example of the power that arrays can hold, as all this truly is right now is a min/max bound calculator. The real gem lies in the avg calculators for multiple resoltuions tied into a single label with readable data. Check out the code and let me know what you think. If you need more examples, the other two scripts I mentioned before are also open source.

Using this on intervals of less than 1D sometimes times out, the way I wrote it is memory intensive, may not work for non-pro users.

Thanks!

NONE OF THIS IS FOREWARD LOOKING STATEMENTS, THIS IS NOT A PREDECTIVE ANALYSIS TOOL. THIS IS A RESEARCH ATTEMPT AT A NOVEL INDICATOR. I am not responsible for outcomes using it.

Please use and give criticisms freely. I am experimenting with combining resolutions and comparing covariance values at different levels right now, so let me know your thoughts! The last indicator will likely not be open source, but may be depending on how complex I get.
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.

Want to use this script on a chart?

Kommentarer

The "1D only" does not mean "free for only a day" rather, "free version, do not use on intervals less than 1D/4H it may break".
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