OPEN-SOURCE SCRIPT

[MAD] Harmonic Wave Fourier Analysis

This script uses Fourier Analysis with additional postcalculations to draw a plot which displays the Amplitude-Change of the Fouriers

Parameter Settings:
You can set the number of data points to analyze
the period to check for extremes.


Fourier Transform: The script breaks down the time series data into its frequency components using cosine and sine calculations.

Harmonic Analysis: It calculates the strength and phase of each frequency component, producing harmonic waves.
Amplitude Change: It determines the change in amplitude between peaks and troughs for each harmonic.
Latest Value Extraction: The script selects the middle amplitude change as the latest data point.
High/Low Points: Finds the maximum and minimum amplitude changes over a specified period.
Visualization: It plots the latest amplitude change with a color that indicates its value relative to the identified extremes.
splitted by 3 Blue plots (1/3 1/2 2/3 from min to max)

How to trade?
May go for retests to the blue lines after big moves.

See this script as braindump of an idea, so its just a concept :-)
Volatility

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?


djmad|Bitblockart

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