distance_ratio

13 mar 2023

Library "distance_ratio"
Collection of types and functions that can be used for the calculation of the ratio [0, 1] of a distance
from a barrier price using several methods. Methods supported are percentagewise (PERC), atr-based (ATR), fixed
profit (PROF), tick-based (TICKS), risk reward ratio (RR) and local extrema (LOC).
This library is meant to replace my previously published "distance_percentile" library since it offers a more intuitive interface by using the method syntax.

13 mar 2023

Note di rilascio

v2
Use method syntax for "long_biased_dist_ratio" and "short_biased_dist_ratio".
For types use PascalCase instead of camelCase to work around some compiler errors as Stratfather suggested.

14 mar 2023

Note di rilascio

v3
Some optimizations in the PROF method calculations

16 mar 2023

Note di rilascio

v4

• Add Standard Deviation method for distance and LOC margin
  
• More accurate PROF calculation formula with commission fees
  

16 mar 2023

Note di rilascio

v5
Add step logic to stdev method by adding multipliers

16 mar 2023

Note di rilascio

v6
Simplify exit commission fee calculation

17 mar 2023

Note di rilascio

v7
Add initial entry fees in the PROF calculation

17 mar 2023

Note di rilascio

v8
(minor) without base quantity

18 mar 2023

Note di rilascio

v9
Use barrier as the entry price for the stepped fixed profit calculations that are also scaled with the price movement when there are consecutive price targets

30 apr 2023

Note di rilascio

v10

• Added price and ticks methods
  
• Added separate restrict methods
  
• Simplified the object types
  
• Removed the bias logic in the LOC method
  

12 mag 2023

Note di rilascio

v11

• Tick related methods not return an integer
  
• If there is a not defined value during calculations return an error if fatal or zero otherwise
  
• Remove restrict argument from "pure" ratio, price ticks calls
  

11 ott 2023

Note di rilascio

v12
Update some documentation and fixed a typo in the error message

8 set 2024

Note di rilascio

v13

• Updated documentation
  
• Use force_overlay for the example plots
  

26 set 2024

Note di rilascio

v14

• Use enum where possible
  

3 gen

Note di rilascio

v15
Update to pinescript version 6

15 set

Note di rilascio

v16

• Pass the stop loss distance instead of ratio
  
• Update the example