distance_ratio

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Library "distance_ratio"
Collection of types and functions that can be used for the calculation of the ratio [0, 1] of a distance
from a barrier price using several methods. Methods supported are percentagewise (PERC), atr-based (ATR), fixed
profit (PROF), tick-based (TICKS), risk reward ratio (RR) and local extrema (LOC).
This library is meant to replace my previously published "distance_percentile" library since it offers a more intuitive interface by using the method syntax.

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ملاحظات الأخبار

v2
Use method syntax for "long_biased_dist_ratio" and "short_biased_dist_ratio".
For types use PascalCase instead of camelCase to work around some compiler errors as Stratfather suggested.

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v3
Some optimizations in the PROF method calculations

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v4

• Add Standard Deviation method for distance and LOC margin
  
• More accurate PROF calculation formula with commission fees
  

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v5
Add step logic to stdev method by adding multipliers

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v6
Simplify exit commission fee calculation

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v7
Add initial entry fees in the PROF calculation

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v8
(minor) without base quantity

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v9
Use barrier as the entry price for the stepped fixed profit calculations that are also scaled with the price movement when there are consecutive price targets

٣٠ أبريل ٢٠٢٣

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v10

• Added price and ticks methods
  
• Added separate restrict methods
  
• Simplified the object types
  
• Removed the bias logic in the LOC method
  

١٢ مايو ٢٠٢٣

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v11

• Tick related methods not return an integer
  
• If there is a not defined value during calculations return an error if fatal or zero otherwise
  
• Remove restrict argument from "pure" ratio, price ticks calls
  

١١ أكتوبر ٢٠٢٣

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v12
Update some documentation and fixed a typo in the error message

٨ سبتمبر ٢٠٢٤

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v13

• Updated documentation
  
• Use force_overlay for the example plots
  

٢٦ سبتمبر ٢٠٢٤

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v14

• Use enum where possible
  

٣ يناير

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v15
Update to pinescript version 6

قبل ١٦ ساعة

ملاحظات الأخبار

v16

• Pass the stop loss distance instead of ratio
  
• Update the example