alexgrover

Recursive Differenciator

Introduction

Cycles can be spotted by using a wide range of methods, most of them will involve bandpass filtering, here i will show a method using recursion with the change() function.

The Indicator

As i explained in other indicators using recursion i posted rescaling the input is important, i will use the rsi of an exponential moving average as input. alpha control the amount of output the indicator will use as input, values closer to 0.5 will use more input resulting in more periodic results.


Lowering alpha when length is higher can help get more periodic results.

Conclusion

I have showed a new cycle indicator using recursion. Recursion with oscillators can highlights cycles in price thus being easier to predict.

Thanks for reading !
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?
Patreon: https://www.patreon.com/alexgrover

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You can also check out some of the indicators I made for luxalgo : https://www.tradingview.com/u/LuxAlgo/#published-scripts

Kommentarer

That amazing Alex, thank you so much =D
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