Signal to noise ratio
This technical indicator is an attempt to find the good momentum of trend : is it actually trending or in a range market?
Interestingly, it follows that π is not only the ratio between the length of a circle to its diameter, it is also a constant rather appears in statistics and, oddly enough, in the relationship between the distance between a price oscillation and a straight line.
- If the signal / noise ratio is less than or equal to 1/2 π, we will be in a trading range or range.
- If the signal / noise ratio is greater than 1/2 π, we are in a trending market.
Code converted from the Metatrader4 version, by request on Spanish forums.
Description from x-trader.net website.
//PRC_SignalToNoiseRatio | indicator
//21.12.2016
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//Converted from MT4 version
// --- parameter
MyLookBackShift = 14
// ---------------
MyClose = Close
LookBackShift = MyClose[MyLookBackShift]
AbsCh = Abs(MyClose - MyClose[1])
MyDistance = Abs(MyClose-LookBackShift)
MyB = 0
for y = 0 to MyLookBackShift + 1 do
MyB = MyB + AbsCh[y]
next
MyWalk = MyB
MyDTWRatio = MyDistance/MyWalk
MyPiRatio = 1/3.14159265358979/2
Buf0 = MyDTWRatio
Buf1 = MyPiRatio
return Buf0 as "signal to noise ratio",Buf1 as "signal to noise level"
Comments
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Respected sir, I would be grateful if you could send me signal to ratio indicator for Amibroker. Thanking you in advance. Regards Sanjiv modi
¿Hay algún problema para hacerlo público también en un blog que tengo?Entiendo que es un código de libre acceso.Gracias por todo Nicolas.
Sin duda,esta es la conversión correcta.Le quedo eternamente agradecido Nicolas.
Thx for your reply, i understand, my hope was that you stillhave the mt4 version... however, can you point me into the right direction with the name of the mt4 version, i was searching with google without luck untill now :/ THX