alexgrover

Stationary Extrapolated Levels

Beta Peek/Valey based forecast

The idea behind this indicator is to extrapolate a stationary time series and find the peeks of the extrapolated result. The highest and lowest of the extrapolated data represent really precise support and resistance if the data and its extrapolation are barelly equal with an error lower than the average.


When the detrended price (in blue) crossover the lower level then the indicator detect a valey and the possibility of an up movement, if the higher is crossed down then the indicator detect a peek and the possibility a down movement.



When "Show extrapolated values" is checked the indicator will show the forecast of the detrended price with a forecast of length periods ahead.

Feel free to contact me for any questions regarding my indicators :)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Patreon: https://www.patreon.com/alexgrover

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You can also check out some of the indicators I made for luxalgo : https://www.tradingview.com/u/LuxAlgo/#published-scripts

ความคิดเห็น

Hello alexgrover,

That was an awesome and interesting script, appreciated for your efforts and generous =D
ตอบกลับ
@ICEKI, Thanks for your feedback, feel free to modify the script :)
+1 ตอบกลับ