OPEN-SOURCE SCRIPT
Polarized Fractal Efficiency
Polarized Fractal Efficiency
Description:
Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems.
This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates between -100 and +100, with 0 as the centerline. Securities with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. Polarized Fractal Efficiency's signature characteristic is its use of fractal geometry in determining how efficiently a security's price is moving.
This script uses a customized version of PFE formula and generates a long entry signal when the Polarized Fractional Efficiency (PFE) value crosses over a signal line, and/or generates a short entry signal when the PFE value crosses under a signal line.
The Polarized Fractional Efficiency indicator can be used to determine price efficiency over a user-defined time period. Assets with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. The strengh of the trend is measured by the position of the PFE relative to the zero line.
As a general rule, the further the PFE value is away from zero, the stronger and more efficient the given trend is. A PFE value that fluctuates around the zero line could indicate that the supply and demand for the security are in balance and price may trade sideways.
Description:
Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems.
This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates between -100 and +100, with 0 as the centerline. Securities with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. Polarized Fractal Efficiency's signature characteristic is its use of fractal geometry in determining how efficiently a security's price is moving.
This script uses a customized version of PFE formula and generates a long entry signal when the Polarized Fractional Efficiency (PFE) value crosses over a signal line, and/or generates a short entry signal when the PFE value crosses under a signal line.
The Polarized Fractional Efficiency indicator can be used to determine price efficiency over a user-defined time period. Assets with a PFE greater than zero are deemed to be trending up, while a reading of less than zero indicates the trend is down. The strengh of the trend is measured by the position of the PFE relative to the zero line.
As a general rule, the further the PFE value is away from zero, the stronger and more efficient the given trend is. A PFE value that fluctuates around the zero line could indicate that the supply and demand for the security are in balance and price may trade sideways.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.