distance_ratio

Library "distance_ratio"
Collection of types and functions that can be used for the calculation of the ratio [0, 1] of a distance
from a barrier price using several methods. Methods supported are percentagewise (PERC), atr-based (ATR), fixed
profit (PROF), tick-based (TICKS), risk reward ratio (RR) and local extrema (LOC).
This library is meant to replace my previously published "distance_percentile" library since it offers a more intuitive interface by using the method syntax.

Notas de prensa

v2
Use method syntax for "long_biased_dist_ratio" and "short_biased_dist_ratio".
For types use PascalCase instead of camelCase to work around some compiler errors as Stratfather suggested.

Notas de prensa

v3
Some optimizations in the PROF method calculations

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Add Standard Deviation method for distance and LOC margin
More accurate PROF calculation formula with commission fees

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v5
Add step logic to stdev method by adding multipliers

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v6
Simplify exit commission fee calculation

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v7
Add initial entry fees in the PROF calculation

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v8
(minor) without base quantity

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v9
Use barrier as the entry price for the stepped fixed profit calculations that are also scaled with the price movement when there are consecutive price targets

Notas de prensa

v10

Added price and ticks methods
Added separate restrict methods
Simplified the object types
Removed the bias logic in the LOC method

Notas de prensa

v11

Tick related methods not return an integer
If there is a not defined value during calculations return an error if fatal or zero otherwise
Remove restrict argument from "pure" ratio, price ticks calls

Notas de prensa

v12
Update some documentation and fixed a typo in the error message

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v13

Updated documentation
Use force_overlay for the example plots

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v14

Use enum where possible

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v15
Update to pinescript version 6

Notas de prensa

v16

Pass the stop loss distance instead of ratio
Update the example

Biblioteca Pine

Fiel al espíritu de TradingView, el autor ha publicado este código de Pine como biblioteca de código abierto, para que otros programadores de nuestra comunidad puedan reutilizarlo. ¡Enhorabuena al autor! Puede usar esta biblioteca de forma privada o en otras publicaciones de código abierto, pero su reutilización en publicaciones está sujeta a nuestras Normas internas.

jason5480

📧 Contact info
Telegram: @jason5480

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Biblioteca Pine

jason5480

📧 Contact info
Telegram: @jason5480

🔗 Addresses
₿ - bc1qxh3jeld7ke70fx3r5q243d96jsx0etth6x8fa7

* Please contact me before any donation ☕