Signal to noise ratio

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"
   
Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. bolsatrilera • 69 days ago #

    Sin duda,esta es la conversión correcta.Le quedo eternamente agradecido Nicolas.

  2. bolsatrilera • 69 days ago #

    ¿Hay algún problema para hacerlo público también en un blog que tengo?Entiendo que es un código de libre acceso.Gracias por todo Nicolas.

    • Nicolas • 68 days ago #

      Mientras el código y los comentarios permanezcan intactos por supuesto. Un enlace a este post también será muy apreciado 🙂

  3. verdi55 • 68 days ago #

    Thanks a lot, this is something I had been looking for for quite a while. Are there any other indicators on this site that can be used to decide whether the market is in a sideward range or trending ? I know the ADX and the RAVI for example. Anything else ? 

    • Nicolas • 68 days ago #

      You can also use the choppiness index,  which is also an oscillator made to detect ranging market : http://www.prorealcode.com/prorealtime-indicators/choppiness-index/

  4. sanjivmodi • 8 days ago #

    Respected sir, I would be grateful if you could send me signal to ratio indicator for Amibroker. Thanking you in advance. Regards Sanjiv modi

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