OPEN-SOURCE SCRIPT
Diupdate Relative Price Position Flow (RPPF)
Market work by short and long players positions. By commodities, players buy or sell positions based in market expectations. The volume of negotiations defines the optimum point to buy or sell. It means how much more volume in a price line, much of the players thinking this is the real value. So, in this indicator I calculate the volume of trades for some price line. And divide it to the total volume, to define whats the historical price line optimum. The diference between the actual price to the historical optimum trade, define some directions of the market. Some times the price is bigger, and sometimes it is smaller.
By experience, after some times the price is deviated to the flow price, it will search a compensation, starting a reversion movement.
By experience, after some times the price is deviated to the flow price, it will search a compensation, starting a reversion movement.
Catatan Rilis
Update ChartCatatan Rilis
Suavization by cumulating sum desviationCatatan Rilis
Now the script considers the tan() of the movement. So, the flow change direction, it's better to see. Catatan Rilis
Update. Now the tan value is cumulative. To see linear max amplitude. Catatan Rilis
Update. Ponderation by the real dimension. Catatan Rilis
Update ChartCatatan Rilis
Fix calculusCatatan Rilis
return to tan visualizationCatatan Rilis
return to cumulated tanCatatan Rilis
This script make you show the moment of the cicle of up or down to the market. Combine 2 situations. The f'(x) of the ponderation price, and the actual situation vs the 10 candles mean. It generates an indicator that can show the actual cicle of the movement. Actually, it multiplies to the change price. could inform if the prices are in new base line or its an especulative status. Big areas, mean the prices are found consolidate.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.