OPEN-SOURCE SCRIPT
Quartile For Loop [SeerQuant]

Quartile For Loop (QFL) [SeerQuant]
- The Quartile For Loop (QFL) is an advanced trend-following and scoring oscillator designed to detect momentum shifts and trend transitions using a quartile-based analysis. By leveraging quartile calculations and iterative scoring logic, QFL delivers dynamic trend signals which can be tailored to suit various market conditions.
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⚙️ How It Works
1️⃣ Quartile-Based Calculation
The indicator calculates the weighted average of the first quartile (Q1), median (Q2), and third quartile (Q3) over a customizable length, providing a robust adaptive trend value.
2️⃣ For Loop Scoring System
A unique for-loop structure iteratively scores each quartile value against historical data, delivering actionable trend signals. Users can toggle between price-based and quartile-based scoring methods for flexibility.
3️⃣ Threshold Logic
4️⃣ Visual Trend Enhancements
Optional candle coloring and a color-coded SMA provide clear visual cues for identifying trend direction. The adaptive quartile is dynamically updated to reflect changing market conditions.
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✨ Customizable Settings
Indicator Inputs
Loop Settings
Style Settings
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🚀 Features and Benefits
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📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Market analysis is inherently speculative and subject to risk. Users should consult a licensed financial advisor before making trading decisions. Use at your own discretion.
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- The Quartile For Loop (QFL) is an advanced trend-following and scoring oscillator designed to detect momentum shifts and trend transitions using a quartile-based analysis. By leveraging quartile calculations and iterative scoring logic, QFL delivers dynamic trend signals which can be tailored to suit various market conditions.
--------------------------------------------------------------------------------------------------
⚙️ How It Works
1️⃣ Quartile-Based Calculation
The indicator calculates the weighted average of the first quartile (Q1), median (Q2), and third quartile (Q3) over a customizable length, providing a robust adaptive trend value.
2️⃣ For Loop Scoring System
A unique for-loop structure iteratively scores each quartile value against historical data, delivering actionable trend signals. Users can toggle between price-based and quartile-based scoring methods for flexibility.
3️⃣ Threshold Logic
- Bullish (Uptrend): Score exceeds the positive threshold.
- Bearish (Downtrend): Score falls below the negative threshold.
- Neutral: Score remains between thresholds.
4️⃣ Visual Trend Enhancements
Optional candle coloring and a color-coded SMA provide clear visual cues for identifying trend direction. The adaptive quartile is dynamically updated to reflect changing market conditions.
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✨ Customizable Settings
Indicator Inputs
- Quartile Length: Define the calculation length for quartile analysis.
- Calculation Source: Choose the data source for quartile calculations (e.g., close price).
- Alternate Signal: Toggle between price-based and quartile-based scoring.
Loop Settings
- Start/End Points: Set the range for the for-loop scoring system.
- Thresholds: Customize uptrend and downtrend thresholds.
Style Settings
- Candle Coloring: Enable optional trend-based candle coloring.
- Color Schemes: Select from five unique palettes for trend visualization.
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🚀 Features and Benefits
- Quartile-Driven Analysis: Harnesses the statistical power of quartiles for adaptive trend evaluation.
- Dynamic Scoring: Iterative scoring logic adjusts to market fluctuations.
- Clear Visual Representation: Color-coded histograms, candles, and trendlines enhance readability.
- Fully Customizable: Flexible inputs allow adaptation to diverse trading styles and strategies.
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📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Market analysis is inherently speculative and subject to risk. Users should consult a licensed financial advisor before making trading decisions. Use at your own discretion.
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Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Follow along on X for daily market updates!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Follow along on X for daily market updates!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.