Yo, posting it for the whole internet, took the whole day to find / to design the actual working solution for weighted percentile 'nearest rank' algorithm, almost no reliable info online and a lot of library-style/textbook-style solutions that don't provide on real world production level.
The principle:
0) initial data
data = 22, 33, 11, 44, 55
weights = 5 ...
Price-Filtered Spearman Rank Correl. w/ Floating Levels is a Spearman Rank Correlation indicator with optional source filtering and floating levels.
What is Spearman rank correlation?
Spearman rank correlation, also known as Spearman coefficient is a formula used to identify the strength of the link between two datasets. This coefficient is a method that can...
This script tracks the percent change of Bitcoin vs. the percent change of the coin on the chart. Crypto markets are usually affected greatly by Bitcoin swings so being able to see if the given coin is trending above or below Bitcoin is useful market data. All choices made with this script are your own! Thanks.
The table shows the ranking of the price as a percentage relative to the past candles.
100 ~ highest price of the time frame
0 ~ lowest price of the time frame
Hello Traders,
Technical Rank (TR) was authored by John Murphy . Technical Rank shows how a security is performing relative to its peers. Multiple moving averages, rate of change and the Relative Strength Index (RSI) indicators are used to calculate the Technical Rank. These values are mathematically manipulated with percentage factors and then summed...
I'm pleased to introduce this script in honor of the new array functions introduced to PineScript version 4.0. This update is a long time coming and opens the door to amazing scripting possibilities!
Definition
Named after Charles Spearman and denoted by the Greek letter ‘ ρ ’ (rho), the Spearman rank correlation coefficient is the nonparametric version of...
StochClose is a trend indicator that can be used on its own to measure trend strength, in a scan to rank a group of securities according to trend strength or as part of a trend following strategy. Moreover, it acts as a volatility-adjusted trend indicator that puts securities on an equal footing.
StochClose measures the location of the current close relative to...
English:
An expansion of the Advance Decline Line of the NASDAQ. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
English:
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
English:
a quick and simple tampering with the SKEW Index (also known as the "Black Swan Index")
Personally, I find it quite difficult to use the SKEW Index as a reliable indicator. Nevertheless I implemented a ranking system (from 0 to 100) with the option to include a certain time period (default: 252 trading days (units)) and a moving average (default: 21...
![USDCAD: Price-Filtered Spearman Rank Correl. w/ Floating Levels [Loxx]](https://s3.tradingview.com/f/FFvoEhzG_mid.png "Price-Filtered Spearman Rank Correl. w/ Floating Levels [Loxx]")
