◊ Introduction This script makes use of a sliding matrix, to search the highest/lowest point in the slider, it then counts the amount of times it was high/low, giving the distance from a previous high/low. Every High/low are granted values, being a lower value for shorted periods, and a larger value for Longer periods. This reveals the different period lengths of active frequencies.
Doing this with different slider lenghts would result in measuring with different mean period lenghts.
◊ Origin From my dream last night.
This is a part of Project XIAM. ◊ Theoretical Approach Philosophy β :: Rythmic Searching for the period lenght of several frequencys at once.
◊ Usage This is an alalythical tool, to be used for Automatically adjusting settings on Indicators that presume a period length for calculation. Calculations are based on Past values, and no reversal measures or fail-safes are applied, so it will only be useful during a continuation of trend.
◊ Features Matrix Calculation of Lowest/Highest points in a sliding series with Steady Length. In the future Several slider lenghts will be applied to search for Frequencies of different magnitudes.
Lenght between TOPS, DIPS , and an SMA that smoothens this. BIAS Is TOP to DIP Minus DIP to TOP, to uncover Bullish/Bearish index of market movements.
This concept is really good finding the period of the momentum orof the rsi will let you determine exit and entry points. This is parameter I implemented on my strategy by testing out.
Good job!
MVPMC
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@mksamanes, Thank you ! I'm planning on making this for a longer length to find both shorter and long period lengths. currently lengths up to 29 are spotted, this can be used for a short lenght RSI RMI CCI and other indicators that focus on a frequency.
Good luck with your strategies !
TheKitchenTrader
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Where's XRP headed?
MVPMC
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@cpoleary, This script measure the periods of active frequency's within a time range to determine frequency's.
but
but short term down, daily trend reversal to upwards up after that, close shorts on next down within(30-90min) is my approach.
Good job!