The main idea of this oscillator is to place the OBV oscillator and its oscillation around the range of 0 and around -50 to +50 and for this scaling of the "On Balance Volume" oscillator, I have used Min-max normalization. Since this oscillator does not have a specific minimum and maximum, just setting the maximum and minimum does not seem the best thing to do. As...
Feature scaler | Pine Utilities series, ready to be used in "study-on-study" fashion | Includes min-max, normalization, standardization and unit length scaling. One and only source: en.wikipedia.org Endpoint inputs allow to set an interval of interest for min-max scaler. Can be (and should be) applied to other studies, or to the chart itself. In this example,...
For a given month, this indicator will display historical, seasonal statistics for each individual day of that month. The indicator release comes with 5 columns and more planned: 1 — Trading Day 2 — Samples 3 — Daily Average Absolute OC Range 4 — Daily Average Absoulte HL Range 5 — Bull / Bear The Trading Day column will display a 🎯 emoji and highlight the...
Are we in a bull or a bear market? From the technical analysis point of view, the answer is "It depends". It depends from the parameters of your indicator, the timeframe of the pair you are looking and the volatility of that specific market you are looking to. After I experimented with various trending indicators I decided to develop a framework that potentially...
Difference between two EMAs and then transformed through a MinMax scaler