PINE LIBRARY
OMSF_Education_Lib
To keep the codebase of the OMSF Learning Space indicator cleanly structured, easy to read, and as concise as possible, I have extracted core calculations and logic functions into this reusable library. This keeps the main script lightweight while allowing you to flexibly utilize these individual building blocks for your own custom scripts and quantitative experiments.
Extracted Functions & Modules
1. pivot_fun – Pivot Analytics & Trend State
2. dir_kaufman_eff_ratio – Directional Kaufman Efficiency Ratio (KER)
3. ker_marketstructure_validation – KER Market Structure Validation
4. max_excurs_ratio – MFE / MAE Analytics
5. vis_mfe_mae_ratio_long & vis_mfe_mae_ratio_short – Visualization Components
📌 Coming next:
OMSF Learning Space Update: Chapter 5 MFE/MAE. (tradingview.com/script/KYJoMqb1-OMSF-Learning-Space/)
Best regards, arni
Extracted Functions & Modules
1. pivot_fun – Pivot Analytics & Trend State
- Derivatives of the classic Pivot High/Low concept to identify key structural highs and lows using configurable confirmation lookback windows.
- Provides continuously updated persistent pivot levels, running extreme levels, and a clean trend state machine (1 = Long, -1 = Short) along with standard pivot lag metrics (avg_std_delay).
2. dir_kaufman_eff_ratio – Directional Kaufman Efficiency Ratio (KER)
- Computes directional trend efficiency ranging from -1.0 (strong downward efficiency) to +1.0 (strong upward efficiency), featuring built-in protection against division by zero.
3. ker_marketstructure_validation – KER Market Structure Validation
- Accumulates and averages KER metrics separately for Long and Short market regimes to evaluate overall structural trend quality.
4. max_excurs_ratio – MFE / MAE Analytics
- Tracks ATR-normalized Maximum Favorable Excursion (MFE) and Maximum Adverse Excursion (MAE) values for individual trend segments.
- Computes running aggregate ratios and stores historical trade metrics in float[] arrays—ideal for statistical distribution and percentile analysis.
5. vis_mfe_mae_ratio_long & vis_mfe_mae_ratio_short – Visualization Components
- Renders dynamic chart overlays featuring break-even levels, stop-loss excursion bounds, color fills, and informational labels displaying real-time or locked segment performance.
📌 Coming next:
OMSF Learning Space Update: Chapter 5 MFE/MAE. (tradingview.com/script/KYJoMqb1-OMSF-Learning-Space/)
Best regards, arni
Pine腳本庫
秉持TradingView一貫精神，作者已將此Pine代碼以開源函式庫形式發佈，方便我們社群中的其他Pine程式設計師重複使用。向作者致敬！您可以在私人專案或其他開源發表中使用此函式庫，但在公開發表中重用此代碼須遵守社群規範。
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Pine腳本庫
秉持TradingView一貫精神，作者已將此Pine代碼以開源函式庫形式發佈，方便我們社群中的其他Pine程式設計師重複使用。向作者致敬！您可以在私人專案或其他開源發表中使用此函式庫，但在公開發表中重用此代碼須遵守社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。