Should I FOMO?? (number of revisited candles in a timeframe)
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idea: hecate
I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P
with the idea that i should not panic and maybe just wait patiently for a better price.
Just set the period P to your desired timeframe, days hours, whatever and WAIT patiently because many times it does come back :D and many times !!
=============================================================
idea: hecate
I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P
with the idea that i should not panic and maybe just wait patiently for a better price.
Just set the period P to your desired timeframe, days hours, whatever and WAIT patiently because many times it does come back :D and many times !!
//@version=2 //Should I Panic?? (number of revisited candles in a timeframe) //============================================================= //idea: hecate //I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P //with the idea that i should not panic and maybe just wait patiently for a better price. //Just set the period P to your desired timeframe, days hours, whatever and WAIT patiently because many times it does come back :D and many times !! study("Should I FOMO??",overlay=true) c=input(close) barsback=input(title="Barsback Period (def is num of hours in a day)",type=integer,defval=168,minval=10,maxval=600) smoothing=input(title="Smoothing",defval=2,minval=2,maxval=50) zs(a,b)=>(a-linreg(a,b,0))/stdev(a,b) revisit(a,b,p)=> tot=0 for i = 0 to p-1 if(cross(a,b[i])) tot:=tot+1 return = tot r=linreg(100*revisit(c,c,barsback)/barsback,smoothing,0) md=linreg(r,600,0) rv=(r>=md*1.5) ? 3 : (r>=md*0.5) and (r<md*1.5) ? 2 : (r<md*0.5) ? 1 : 1 col1=red col2=yellow col3=green plot(close,style=line,color=rv==1?col1:rv==3?col3:rv==2?col2:na,linewidth=2,transp=0)