Using DB with BB to predict price trend reversal or continuation developing new strategy based on old one indicators.
//version=3 strategy(shorttitle="CTO", title="Chaos to Order", overlay=true)
//Thing to improve : DB is with bad formula, Put fractal dimensional index as condition? //31.10.2018 //DB Fixed but problem with the parameters when its ploted on true overlay. plot(d) problem not matching the original overlay false parameters. //20.01.2019 //Still have the problem with the DB overlay parameters, after rescale they appear with no change. Must do manual test //27.01.2019 //DB formula rescaled and algo created. When yellow lone negatively correlated with price trend, reversal is possible(of the current price trend). //Indicator easy spot end of retracers trend. //24.02.2019
// //////BBands src = input(ohlc4, title = "source"), len = input(224, title = "timeframe/# of periods"), Multiplier = input(1, minval = 0.01, title = "Multiplier") e = ema(src,len) evar = (src - e)*(src - e) evar2 = (sum(evar,len))/len std = sqrt(evar2) upper = e + (Multiplier * std) lower = e - (Multiplier * std) // plot(e, color = aqua, linewidth = 1, title = "AQUA") p1 = plot(upper, color=green) p2 = plot(lower, color=red) fill(p1, p2 ,purple) // //////Detrended Breakout lengthdb = input(100),afterLen = input(34),upHline = input(0.01),lowHline = input(-0.025), xx = input(25), multy= input(2) //best set for eu240 //DEMA e1 = ema (close, lengthdb) e2 = ema (e1, lengthdb) dema = 2 * e1 - e2 //BASE x = dema d = x - rma(x,35) //plot(d,color = red) //Rescale z = (d - sma(d,100))/stdev(d,100) rescale = sma(close,100) + z*stdev(close,100) plot(rescale, color = yellow)
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