OPEN-SOURCE SCRIPT
Actualizado Slope Normalized (SN)
Introduction:
The Normalized Slope script is a technical indicator that aims to measure the strength and direction of a trend in a financial market. It does this by calculating the slope of the source data series, which can be any type of data (such as price, volume, or an oscillator) over a specified length of time. The slope is then normalized, meaning it is transformed to a scale between -1 and 1, with 0 representing a flat trend.
Methodology:
The Normalized Slope script uses an exponential smoothing function to smooth the source data series. The smoothing factor, or alpha, can be adjusted by the user through the input parameter "Pre Smoothing".
Next, the script calculates the slope of the smoothed data series by finding the average difference between the current value and the values of the previous "Length" periods. This slope is then normalized using a function that scales the data to a range of -1 to 1, with 0 representing a flat trend. The normalization function takes the minimum and maximum values of the slope, calculates the difference between them, and then scales the data to the range of -1 to 1.
The normalized slope is then smoothed again using another exponential smoothing function with a user-adjustable smoothing factor (the "Post Smoothing" input parameter). A center line representing a flat trend can also be plotted on the chart by enabling the "Center Line" input parameter. Additionally, the user can choose to display bounds at the -1 and 1 levels by enabling the "Bounds" input parameter.
Conclusion:
The Normalized Slope script provides traders with a visual representation of the strength and direction of a trend in a financial market. It can be used as a standalone indicator or in combination with other technical analysis tools to help traders make informed trading decisions.
The Normalized Slope script is a technical indicator that aims to measure the strength and direction of a trend in a financial market. It does this by calculating the slope of the source data series, which can be any type of data (such as price, volume, or an oscillator) over a specified length of time. The slope is then normalized, meaning it is transformed to a scale between -1 and 1, with 0 representing a flat trend.
Methodology:
The Normalized Slope script uses an exponential smoothing function to smooth the source data series. The smoothing factor, or alpha, can be adjusted by the user through the input parameter "Pre Smoothing".
Next, the script calculates the slope of the smoothed data series by finding the average difference between the current value and the values of the previous "Length" periods. This slope is then normalized using a function that scales the data to a range of -1 to 1, with 0 representing a flat trend. The normalization function takes the minimum and maximum values of the slope, calculates the difference between them, and then scales the data to the range of -1 to 1.
The normalized slope is then smoothed again using another exponential smoothing function with a user-adjustable smoothing factor (the "Post Smoothing" input parameter). A center line representing a flat trend can also be plotted on the chart by enabling the "Center Line" input parameter. Additionally, the user can choose to display bounds at the -1 and 1 levels by enabling the "Bounds" input parameter.
Conclusion:
The Normalized Slope script provides traders with a visual representation of the strength and direction of a trend in a financial market. It can be used as a standalone indicator or in combination with other technical analysis tools to help traders make informed trading decisions.
Notas de prensa
Added outlier detection lmfao. Notas de prensa
added hard clippingNotas de prensa
I added a switch to disable hard clipping. Notas de prensa
you can now fine tune the outlier levelNotas de prensa
Major UpdateNotas de prensa
minor bug fixNotas de prensa
Major UpdateNotas de prensa
minor bug fix again?Notas de prensa
updated bounds minimumScript de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
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.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
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.