OPEN-SOURCE SCRIPT
Grucha Percentage Index (GPI) V2
Aggiornato
Grucha Percentage Index originally created by Polish coder named Grzegorz Antosiewicz in 2011 as mql code. This code is adapted by his original code to tradingview's pinescript.
What Does it Do
GPI is an oscillator that finds the lowest/highest prices with certain depth and generates signals by comparing the bull and bear bars. It use two lines, one is the original GPI calculation, the other is the smoothed version of the original line.
How to Use
GPI can catch quick volatility based movements and can be used as a confirmation indicator along with your existing trading system. When GDI (default color yellow) crosses above the GDI MA (default colored blue) it can be considered as a bullish movement and reverse can be considered as bearish movement.
How does it Work
The main calculation is done via the code below:
Simply we are adding green and red bars seperately and then getting their percentage to the bullish movement to reflect correctly in a 0-100 z-score enviroment via the code below:
Rest is all about plotting the results and adding seperate line with smoothing.
Note
These kind of oscillators are not designed to be used alone for signal generation but rather should be used in combination with different indicators to increase reliability of your signals.
Happy Trading.
What Does it Do
GPI is an oscillator that finds the lowest/highest prices with certain depth and generates signals by comparing the bull and bear bars. It use two lines, one is the original GPI calculation, the other is the smoothed version of the original line.
How to Use
GPI can catch quick volatility based movements and can be used as a confirmation indicator along with your existing trading system. When GDI (default color yellow) crosses above the GDI MA (default colored blue) it can be considered as a bullish movement and reverse can be considered as bearish movement.
How does it Work
The main calculation is done via the code below:
Simply we are adding green and red bars seperately and then getting their percentage to the bullish movement to reflect correctly in a 0-100 z-score enviroment via the code below:
Rest is all about plotting the results and adding seperate line with smoothing.
Note
These kind of oscillators are not designed to be used alone for signal generation but rather should be used in combination with different indicators to increase reliability of your signals.
Happy Trading.
Note di rilascio
Changed default input titles and also added default alerts for crossovers.Note di rilascio
- Added MTF selection- Added smoothing type selection
- Added horizontal lines for better viewing
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
One does not simply win every trade.
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.