PINE LIBRARY

RHR_CANDLE

Library "RHR_CANDLE"
Library for Expansion Contraction Indicator, a zero-lag dual perspective indicator based on Jake Bernstein’s principles of Moving Average Channel system.

calc(shortLookback, longLookback)
  Calculates Expansion Contraction values.
  Parameters:
    shortLookback (int): Integer for the short lookback calculation, defaults to 8
    longLookback (int): Integer for the long lookback calculation, defaults to 32
return Returns array of Expansion Contraction values

stdevCalc(positiveShort, negativeShort, positiveLong, negativeLong, stdevLookback)
  Calculates standard deviation lines based on Expansion Contraction Long and Short values.
  Parameters:
    positiveShort (float): Float for the positive short XC value from calculation
    negativeShort (float): Float for the negative short XC value from calculation
    positiveLong (float): Float for the positive long XC value from calculation
    negativeLong (float): Float for the negative long XC value from calculation
    stdevLookback (int): Integer for the standard deviation lookback, defaults to 500
return Returns array of standard deviation values

trend(positiveShort, negativeShort, positiveLong, negativeLong)
  Determines if trend is strong or weak based on Expansion Contraction values.
  Parameters:
    positiveShort (float): Float for the positive short XC value from calculation
    negativeShort (float): Float for the negative short XC value from calculation
    positiveLong (float): Float for the positive long XC value from calculation
    negativeLong (float): Float for the negative long XC value from calculation
return Returns array of boolean values indicating strength or weakness of trend
statistics

Biblioteca Pine

Siguiendo fielmente el espíritu TradingView, el autor ha publicado este código Pine como una biblioteca de código abierto, permitiendo que otros programadores de Pine en nuestra comunidad lo utilicen de nuevo. ¡Olé por el autor! Puede utilizar esta biblioteca de forma privada o en otras publicaciones de código abierto, pero tenga en cuenta que la reutilización de este código en una publicación se rige por las Normas internas.

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