OPEN-SOURCE SCRIPT
Structural SVM Ranker [LuxAlgo]
The Structural SVM Ranker [LuxAlgo] indicator is a market structure tool that utilizes a linear Support Vector Machine (SVM) algorithm to classify and rank structural breaks based on volume, momentum, and price magnitude. By assigning a score from 0 to 100 to every Break of Structure (BOS) and Change of Character (CHoCH), it aims to help traders differentiate between high-conviction structural shifts and low-probability price action.
🔶 USAGE
The indicator identifies key pivot highs and lows to map out the market structure. When price closes beyond these levels, a structural break is identified and assigned a score based on the quality of the move.
Traders can use the SVM score to filter trade quality. For example, a "CHoCH" with a score above 70 indicates a high-conviction reversal backed by volume and momentum, whereas a score below 30 might suggest a "fakeout" or a weak structural shift.
🔶 DETAILS
The core of the script is a linear classification logic inspired by Support Vector Machines. It takes three primary features into account to determine the "strength" of a break:
These features are multiplied by user-defined weights and then passed through a Sigmoid function to produce a normalized score between 0 and 100.
🔶 SETTINGS
🔹 Market Structure
🔹 SVM Ranking Parameters
🔹 Dashboard
🔶 USAGE
The indicator identifies key pivot highs and lows to map out the market structure. When price closes beyond these levels, a structural break is identified and assigned a score based on the quality of the move.
- BOS (Break of Structure): Represented by solid lines, these indicate a continuation of the current local trend.
- CHoCH (Change of Character): Represented by dashed lines, these indicate a potential reversal in the trend direction.
- SVM Score: Displayed on labels and the dashboard. A higher score suggests the break occurred with significant relative volume, strong RSI momentum, and a meaningful price distance beyond the pivot level.
Traders can use the SVM score to filter trade quality. For example, a "CHoCH" with a score above 70 indicates a high-conviction reversal backed by volume and momentum, whereas a score below 30 might suggest a "fakeout" or a weak structural shift.
🔶 DETAILS
The core of the script is a linear classification logic inspired by Support Vector Machines. It takes three primary features into account to determine the "strength" of a break:
- Relative Volume: Compares current volume to its 20-period average to ensure the break is supported by market participation.
- RSI Momentum: Measures the distance of the RSI from its midpoint (50) to confirm trend strength.
- Break Distance: Measures how far the price closed beyond the structural level, normalized by the Average True Range (ATR).
These features are multiplied by user-defined weights and then passed through a Sigmoid function to produce a normalized score between 0 and 100.
🔶 SETTINGS
🔹 Market Structure
- Pivot Lookback: Determines the number of bars required to confirm a pivot high or low.
- Show BOS/CHoCH: Toggles the visibility of structural break lines and labels.
🔹 SVM Ranking Parameters
- Relative Volume Weight: Adjusts the influence of volume on the final score.
- RSI Momentum Weight: Adjusts the influence of RSI deviation from 50 on the final score.
- Break Distance Weight: Adjusts the influence of the price distance beyond the pivot (relative to ATR).
- ATR Length: The period used for the ATR normalization of the break distance.
🔹 Dashboard
- Dashboard: Toggles the visibility of the real-time ranking table.
- Position: Moves the dashboard to different corners of the chart (Top Right, Bottom Right, Bottom Left).
- Size: Adjusts the scale of the dashboard text.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.