OPEN-SOURCE SCRIPT

Adaptive For Loop

110
Adaptive For Loop (AFL | MisinkoMaster)

The Adaptive For Loop is an innovative trend-following indicator designed to deliver fast and reliable signals while minimizing false positives. By dynamically assessing the relationship between current and historical price data across multiple price components—open, high, low, and close—this tool filters out noise and highlights the strongest trend signals.

Unlike traditional indicators that rely on a single price input, Adaptive For Loop harnesses the combined strength of multiple price points, intelligently selecting the most relevant signal to adapt to changing market conditions. This approach helps traders identify genuine trend momentum with clarity and speed.

🔍 Concept & Idea

The idea behind Adaptive For Loop is to improve trend detection by simultaneously evaluating multiple price sources instead of just one. Each price component (open, high, low, close) undergoes a scoring process comparing the current price to a series of historical prices within a user-defined lookback range.

Since different price points may exhibit varying degrees of noise or trend clarity at different times, the indicator selects the source with the strongest directional signal based on absolute scoring. This adaptive selection reduces noise and enhances signal reliability while maintaining fast responsiveness.

⚙️ How It Works

The indicator performs a looped comparison for each price series (open, high, low, close) over a range specified by the user (from start to end bars ago).

For each bar in the range, it increments or decrements a score depending on whether the current price is higher or lower than the compared historical price.

After scoring all four price sources, the indicator selects the score with the greatest absolute value to represent the dominant market momentum.

This dominant score is then evaluated against user-defined upper and lower thresholds to determine the market trend state:

Above the upper threshold: bullish/uptrend signal

Below the lower threshold: bearish/downtrend signal

Between thresholds: neutral/no clear trend

The indicator plots the score, thresholds, and highlights the trend visually, including colored candlesticks representing the detected trend.

🧩 Inputs Overview

From (start) – Defines the start bar offset for the lookback range in the for loop (default 0).

To (end) – Defines the end bar offset for the lookback range in the for loop (default 45).

Upper Threshold – Score level above which an uptrend signal is triggered (default 39).

Lower Threshold – Score level below which a downtrend signal is triggered (default -12).

📌 Usage Notes

Adaptive Selection: The indicator adapts by selecting the price source with the strongest trend signal, reducing false signals caused by noisy individual price inputs.

Speed and Noise: Designed for fast execution and minimal noise, making it especially useful in volatile markets such as BTCUSD.

Visual Clarity: Colored candlesticks and score plots help traders quickly identify trend direction and strength.

Customization: Users can adjust the lookback range and thresholds to fit different assets and timeframes.

Complementary Tool: Best used alongside other confirmation indicators and sound risk management practices.

Backtesting Recommended: Always backtest and validate settings on historical data to optimize performance for your specific market.

⚠️ Disclaimer

This indicator is provided for educational and analytical purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own due diligence before making any investment decisions.

Enjoy trading with Adaptive For Loop!

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.