Check if below could work for you. Please do your extensive testing before put to use. I am not a rookie tos coder.Hello, can any TOS expert help translate these tradingview codes into TOS codes? Looks like it's an interesting indicator. Thanks a lot
Link:
https://www.tradingview.com/script/...ilerank-mkt-tops-bottoms/#chart-view-comments
#Kudos & Gratitude to Chrismoody https://www.tradingview.com/script/ngr0qRmw-CM-Laguerre-PPO-PercentileRank-Mkt-Tops-Bottoms/
input pctile = 90; # title="Percentile Threshold Extreme Value, Exceeding Creates Colored Histogram")
input wrnpctile = 70;# title="Percentile Threshold Warning Value, Exceeding Creates Colored Histogram")
input Short = 0.4 ;# title="PPO Setting")
input Long = 0.8 ;# title="PPO Setting")
input lkbT = 200;#,title="Look Back Period For 'Tops' Percent Rank is based off of?")
input lkbB = 200; #title="Look Back Period For 'Bottoms' Percent Rank is based off of?")
input sl = yes; #title="Show Threshold Line?")
input swl = yes;#title="Show Warning Threshold Line?")
script laguerre {
input gamma = 0.2;
input price = close;
rec L0 = (1 - gamma) * price + gamma * L0[1];
rec L1 = -gamma * L0 + L0[1] + gamma * L1[1];
rec L2 = -gamma * L1 + L1[1] + gamma * L2[1];
rec L3 = -gamma * L2 + L2[1] + gamma * L3[1];
plot Filt = (L0 + 2 * L1 + 2 * L2 + L3) / 6;
plot FIR = (price + 2 * price[1] + 2 * price[2] + price[3]) / 6;
}
;
def lmas = laguerre(Short, hl2).Filt;
def lmal = laguerre(Long, hl2).Filt;
def pctileB = pctile * -1;
def wrnpctileB = wrnpctile * -1;
#PPO Plot
def ppoT = ((lmas - lmal) / lmal) * 100 ;
def ppoB = ((lmal - lmas) / lmal) * 100;
# calculate the percent
# ---------------------------
def pctRankTT = fold i = 1 to lkbT + 1 with count = 0
do
if ppoT > ppoT[i] then
count + 1
else
count;
def pctRankT = Round((100 * pctRankTT / lkbT), 0);
def pctRankBB = fold j = 1 to lkbB + 1 with countj = 0
do
if ppoB > ppoB[j] then
countj + 1
else
countj;
def pctRankB = (100 * pctRankBB / lkbB) * -1;
plot pctRankTP = if pctRankT then pctRankT * 1 else Double.NaN;# if pctRankB then (Round(pctRankB/lkbT*100.0) * -1) else double.naN;
pctRankTP.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
pctRankTP.AssignValueColor(if (pctRankT >= pctile) then Color.RED else if (pctRankT >= wrnpctile and pctRankT < pctile) then Color.DARK_ORANGE else Color.DARK_GRAY);
pctRankTP.SetLineWeight(2);
plot perct_B = if pctRankB then pctRankB else Double.NaN;# if pctRankB then (Round(pctRankB/lkbT*100.0) * -1) else double.naN;
perct_B.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
perct_B.AssignValueColor(if (pctRankB <= pctileB) then CreateColor (23, 208, 23) else if (pctRankB <= wrnpctileB and pctRankB > pctileB) then Color.DARK_GREEN else CreateColor (98, 98, 98));
perct_B.SetLineWeight(2);
plot ZeroLineH = 0;
ZeroLineH.SetPaintingStrategy(PaintingStrategy.LINE);
ZeroLineH.AssignValueColor(CreateColor(134, 136, 138));
ZeroLineH.SetLineWeight(1);
# Extreme Move Percentile +ve Threshold Line
plot PEMPTLP = if sl and pctile then pctile else Double.NaN ;
PEMPTLP.SetPaintingStrategy(PaintingStrategy.LINE);
PEMPTLP.AssignValueColor(Color.RED);
PEMPTLP.SetLineWeight(1);
# Warning Percentile +ve Threshold Line
plot PWPTLP = if swl and wrnpctile then wrnpctile else Double.NaN ;
PWPTLP.SetPaintingStrategy(PaintingStrategy.LINE);
PWPTLP.AssignValueColor(Color.ORANGE);
PWPTLP.SetLineWeight(1);
# Extreme Move Percentile -ve Threshold Line
plot EMPTLP = if sl and pctileB then pctileB else Double.NaN ;
EMPTLP.SetPaintingStrategy(PaintingStrategy.LINE);
EMPTLP.AssignValueColor(Color.GREEN);
EMPTLP.SetLineWeight(1);
# Warning Percentile -ve Threshold Line
plot WPTLP = if swl and wrnpctileB then wrnpctileB else Double.NaN ;
WPTLP.SetPaintingStrategy(PaintingStrategy.LINE);
WPTLP.AssignValueColor(Color.LIME);
WPTLP.SetLineWeight(1);
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