xel_arjona

EMA & SMA with FRACTAL DEVIATION BANDS by @XeL_Arjona

EMA & SMA with FRACTAL DEVIATION BANDS
Ver. 1.0.25.08.2015
By Ricardo M Arjona @XeL_Arjona


DISCLAIMER:
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.

WHAT IS THIS?

This is the adaptation of the FRACTAL DEVIATION BANDS to be used on Traditional Moving Averages (Simple & Exponential).

ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona

Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView.
2015

Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?
//	* EMA & SMA with FRACTAL DEVIATION BANDS.
//    Ver. 1.0.beta.25.08.2015
//    By Ricardo M Arjona @XeL_Arjona
//	
//		DISCLAIMER:
//
//      The Following indicator/code IS NOT intended to be
//      a formal investment advice or recommendation by the
//      author, nor should be construed as such. Users
//      will be fully responsible by their use regarding 
//      their own trading vehicles/assets.
//
//		The embedded code and ideas within this work are 
//		FREELY AND PUBLICLY available on the Web
//		for NON LUCRATIVE ACTIVITIES and must remain as is.
//
//		Pine Script code MOD's and adaptations by @XeL_Arjona 
//      with special mention in regard of:
//      + "Morphic Numbers" (PHI & Plastic) Pine Script adaptation
//          from it's algebraic generation formulas by @XeL_Arjona
//      + "Fractal Deviation Bands" idea by @XeL_Arjona.
//
//         ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are
//      Welcome in favor to deploy a better and more accurate readings.
//      I will be very glad to be notified at Twitter or TradingVew
//      accounts at:   @XeL_Arjona
//
//      Any important addition to this work MUST REMAIN
//      PUBLIC by means of CreativeCommons CC & TradingView.
//      2015
//		
//////////////////////////////////////////////////////////////////
study("EMA & SMA  with FRACTAL DEVIATION BANDS by @XeL_Arjona", shorttitle="maFDB_XeL", overlay=true)
p = input(title="Lookback Periods:", defval=21)
src = input(title="Source", type=source, defval=close)
smn = input(false, title="Switch PHI Multiplier to PN:")
sema = input(true, title="Use EMA as Vortex:")
// Vortex
vortex = sema ? ema(src,p) : sma(src,p)
// N Root Function
nroot(index,number) =>
    cond_r = index == 0 or number == 0 or number < 0
    If_True = 0
    If_False = (exp((1/index) * log(number)))
    iff(cond_r, If_True, If_False)
// Bollinger Bands Function
BolTop(array,per,mult) =>
    std = stdev(array,per)*mult
    bbt = array + std
BolBot(array,per,mult) =>
    std = stdev(array,per)*mult
    bbb = array - std
//Morphic Number Constants for FRACTAL Multipliers.
_phi = (1+sqrt(5))/2  // Phi Number (Fibonacci Seq.)
_pn = (nroot(3,(108 + 12*sqrt(69))) + nroot(3,(108 - 12*sqrt(69))))/6  // Plastic Number (Podovan Seq.)
Fm = smn ? _pn : _phi
// Fractal Deviation Bands (Morphic Multiplier)
FDBvt = BolTop(vortex,p,Fm)   // Add As many layers
FDB1t = BolTop(FDBvt,p,Fm)    //  of fractal bands at
FDB2t = BolTop(FDB1t,p,Fm)    //  will.  Each band
FDB3t = BolTop(FDB2t,p,Fm)
FDBvb = BolBot(vortex,p,Fm)   //  is calculated having
FDB1b = BolBot(FDBvb,p,Fm)    //  as base the last one and
FDB2b = BolBot(FDB1b,p,Fm)    //  multiplied by morphic const.
FDB3b = BolBot(FDB2b,p,Fm)
// PLOT DIRECTIVES
CondCol = close > vortex ? green : red
//Center Avg Line
va = plot(vortex, color=CondCol, title='Vortex', style=line, linewidth=2, transp=0)
//Fractal Bands
t1 = plot(FDBvt, color=green, editable=false)
t2 = plot(FDB1t, color=green, editable=false)
t3 = plot(FDB2t, color=green, editable=false)
t4 = plot(FDB3t, color=green, editable=false)
b1 = plot(FDBvb, color=red, editable=false)
b2 = plot(FDB1b, color=red, editable=false)
b3 = plot(FDB2b, color=red, editable=false)
b4 = plot(FDB3b, color=red, editable=false)
// Cloud Background
fill(va, t1, color=green, transp=66, title='BullZ1')
fill(t1, t2, color=green, transp=75, title='BullZ2')
fill(t2, t3, color=green, transp=84, title='BullZ3')
fill(t3, t4, color=green, transp=93, title='BullZ4')
fill(va, b1, color=red, transp=66, title='BearZ1')
fill(b1, b2, color=red, transp=75, title='BearZ2')
fill(b2, b3, color=red, transp=84, title='BearZ3')
fill(b3, b4, color=red, transp=93, title='BearZ4')