Interesting approach! Have you tried using as "factor multipliers" fibonacci/padovan progressions..? ;)
RicardoSantos
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possibly, likely unpublished, just a matter of changing the multipliers.
the padovan sequence looks interesting, 1st time i heard of it :p
xel_arjona
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When you help me to learn pine when writing my "Fractal Bands", we wrote the algorithm to calculate mathematically both of this progressions in pine. (recursive innecesary but fur fun! ) :D
// 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)
//Algebraic Constants for general calculations.
_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.)
RicardoSantos
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aw i see, i remember the fib number function :p
IvanLabrie
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Ricardo, interesting indicator.
I coded an EMA with ATR bands that serves a similar purpose.
Can I pm you with a request?
I'm always impressed by your coding skills.
RicardoSantos
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sure
alex.a
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I'm curious. Why does the distance between central lines are shorter than others?
RicardoSantos
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they are the respective lines for the cumulative average of high close and low.
alex.a
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I should I interpret that, if the price was in that range, usually the distance between H and L were shorter???
RicardoSantos
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in my opinion it would mean its at its normal price, end/start of cycle