LevyFlight

Market Meanness Index-Price Changes

This is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is range bound and there is no trend from a statistical standpoint. If the index is below 75 this means the price curve of the market is in fact trending in a direction as the market is not reverting as much as it should if it were truly following a random/range bound price curve.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
//@version=2
study("MMI-Price Changes")
// Set Inputs
inputLength=input(300)
topband=input(76)
bottomband=input(74)

// Get Average Price Change
mean(price1, price2, length) =>
    sum = 0
    for i = 0 to length
        if price1[i] - price2[i] > 0
            sum := sum + (price1[i] - price2[i])
        else
            sum := sum + (price2[i] - price1[i])
    sum / length

// Market Meaness Index Function
MMI(price1,price2, length) =>
    m = mean(open,close,inputLength)
    nh = 0
    nl = 0
    for i = 1 to length
        if price1[i] - price2[i] > 0
            if (price1[i] - price2[i]) > m
                if (price1[i] - price2[i]) > (price1[i+1] - price2[i+1])
                    nl := nl + 1
        else
            if (price2[i] - price1[i]) < m 
                if (price2[i] - price1[i]) < (price2[i+1] - price1[i+1])
                    nh := nh + 1
    100 - 100*(nl + nh)/(length - 1)
    
u=plot(topband)
l=plot(bottomband)
t=plot(90)
b=plot(60)
fill(u,l,black)
fill(t,u,yellow)
fill(b,l,blue)
plot(MMI(open,close,inputLength))
Hi LevyFlight,
thanks for sharing this.

Is it normal that in DAX the value never go above 75 in more than 10 years?
응답
Thank you for making this!
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 Help Center 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 트레이딩뷰 코인 나의 서포트 티켓 Help Center 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃