Hi everybody, anybody willing to have a bash at converting this code (Pine Script) – link: https://www.tradingview.com/script/yl3pK2zM-Indicators-Hurst-Bands-and-Hurst-Oscillator/
Thanks
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note.
//
study("Hurst Bands [LazyBear]", shorttitle="H%Bands_LB", overlay=true)
price = hl2
length = input(10, title="Displacement length")
InnerValue = input(1.6, title="Innerbands %")
OuterValue = input(2.6, title="Outerbands %")
ExtremeValue = input(4.2, title="Extremebands %")
showExtremeBands = input(false, type=bool, title="Display Extreme Bands?")
showClosingPriceLine = input(false, type=bool, title="Plot Close price?")
smooth = input(1, title="EMA Length for Close")
displacement = (length / 2) + 1
dPrice = price[displacement]
CMA = not na(dPrice) ? sma(dPrice, abs(length)) : nz(CMA[1]) + (nz(CMA[1]) - nz(CMA[2]))
CenteredMA=plot(not na(dPrice) ? CMA : na, color=blue , linewidth=2)
CenterLine=plot(not na(price) ? CMA : na, linewidth=2, color=aqua)
ExtremeBand = CMA * ExtremeValue / 100
OuterBand = CMA * OuterValue / 100
InnerBand = CMA * InnerValue / 100
UpperExtremeBand=plot(showExtremeBands and (not na(price)) ? CMA + ExtremeBand : na)
LowerExtremeBand=plot(showExtremeBands and (not na(price)) ? CMA - ExtremeBand : na)
UpperOuterBand= plot(not na(price) ? CMA + OuterBand : na)
LowerOuterBand= plot(not na(price) ? CMA - OuterBand : na)
UpperInnerBand= plot(not na(price) ? CMA + InnerBand : na)
LowerInnerBand= plot(not na(price) ? CMA - InnerBand : na)
fill(UpperOuterBand, UpperInnerBand, color=red, transp=85)
fill(LowerInnerBand, LowerOuterBand, color=green, transp=85)
FlowValue = close > close[1] ? high : close < close[1] ? low : hl2
FlowPrice = plot(showClosingPriceLine ? sma(FlowValue, smooth) : na, linewidth=1)
This code is only about the Hurst bands (not the oscillator on the screenshot you provided), do you only want this one to be converted? Otherwise, please provide the code also for the oscillator one.
The bands would be great Nicolas. Thanks.
Please find attached the translated version of the Hurst Bands. I’ll make a better version with color and proper lines formatting later to add it into the library.
Thank you kindly Nicolas.
