Noldo

Dow Factor Stoch RSI

The indicator was generated by adding the Dow Factor to the Stochastic Relative Strength Index .( Stoch RSI )

The Dow factor is the effect of the correlation coefficient , which determines the relationship between volume and price, on the existing indicators.
With these codes we are able to integrate them numerically into the indicators.

For more information on the Dow factor, please see my indicator:

This code is open source under the MIT license. ( https://github.com/user-Noldo )

My dow factor updates will continue.We adapted the indicators and saw successful results, now it is time to examine and develop the factor itself.

Stay tuned , best regards.

Notes de version: Update : Dow Factor Stoch RSI v2.0
The index factor in the Dow theory was taken into account .
It now takes into account the effect of volume and index - independent variable, the price(source-close) - dependent variable.
Before starting the analysis, select the relevant market from the menu, the system will set the appropriate index itself.
Factor loads were adjusted.
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?