StrengthFactors

Library "StrengthFactors"
Strength factor calculations for various market analysis metrics

get_threshold(opt, input_val, avg_val, lineancy)
Calculate threshold based on options
Parameters:
opt (string): Threshold option ("Disabled", "User Input Threshold", "Average as Threshold")
input_val (float): User input threshold value
avg_val (float): Average value for threshold
lineancy (float): Lineancy adjustment percentage
Returns: Calculated threshold

get_percentage_of_threshold(value, threshold)
Calculate percentage of threshold
Parameters:
value (float): Current value
threshold (float): Threshold value
Returns: Percentage of threshold

get_distance_sf(lookback, thr_opt, thr_inp, lineancy)
Calculate Distance Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [distance_sf, distance_avg, distance_threshold, distance_prc_of_thr]

get_uniformity_sf(lookback, thr_opt, thr_inp, stddev_mult, lineancy)
Calculate Uniformity Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
stddev_mult (float): Standard deviation multiplier
lineancy (float): Lineancy adjustment
Returns: [uniformity_sf, uniformity_threshold, uniformity_prc_of_thr]

get_overlap_sf(lookback, thr_opt, thr_inp, lineancy)
Calculate Overlap Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [overlap_sf, overlap_avg, overlap_threshold, overlap_prc_of_thr]

get_body_sf(lookback, thr_opt, thr_inp, lineancy)
Calculate Body Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [body_sf, body_avg, body_threshold, body_prc_of_thr]

get_close_sf(lookback, thr_opt, thr_inp, lineancy)
Calculate Close Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [close_sf, close_avg, close_threshold, close_prc_of_thr]

get_breakout_sf(lookback, thr_opt, thr_inp, lineancy, bro_dir, is_inside_bar)
Calculate Breakout Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
bro_dir (int): Breakout direction
is_inside_bar (bool): Is inside bar flag
Returns: [breakout_sf, breakout_avg, breakout_threshold, breakout_prc_of_thr]

get_always_in_sf(thr_opt, thr_inp, lineancy)
Calculate Always-In Strength Factor
Parameters:
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [always_in_sf, always_in_avg, always_in_threshold, always_in_prc_of_thr]

get_directional_sf(overlap_prc, distance_prc, body_prc, close_prc, breakout_prc, lookback, thr_opt, thr_inp, lineancy)
Calculate Directional Strength Factor (composite)
Parameters:
overlap_prc (float): Overlap SF as percentage of threshold
distance_prc (float): Distance SF as percentage of threshold
body_prc (float): Body SF as percentage of threshold
close_prc (float): Close SF as percentage of threshold
breakout_prc (float): Breakout SF as percentage of threshold
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [directional_sf, directional_avg, directional_threshold, directional_prc_of_thr]

get_combined_direction_sf(body_prc, close_prc, breakout_prc, lookback, thr_opt, thr_inp, lineancy)
Calculate Combined Direction Strength Factor
Parameters:
body_prc (float): Body SF as percentage of threshold
close_prc (float): Close SF as percentage of threshold
breakout_prc (float): Breakout SF as percentage of threshold
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
lineancy (float): Lineancy adjustment
Returns: [combined_sf, combined_avg, combined_threshold, combined_prc_of_thr]

get_all_strength_factors(lookback, lineancy, dist_thr_opt, dist_thr_inp, body_thr_opt, body_thr_inp, close_thr_opt, close_thr_inp, breakout_thr_opt, breakout_thr_inp, bro_dir, is_inside_bar)
Get all strength factors at once (convenience function)
Parameters:
lookback (int): Lookback period for averages
lineancy (float): Lineancy adjustment percentage
dist_thr_opt (string): Distance threshold option
dist_thr_inp (float): Distance threshold input
body_thr_opt (string): Body threshold option
body_thr_inp (float): Body threshold input
close_thr_opt (string): Close threshold option
close_thr_inp (float): Close threshold input
breakout_thr_opt (string): Breakout threshold option
breakout_thr_inp (float): Breakout threshold input
bro_dir (int): Breakout direction
is_inside_bar (bool): Is inside bar flag
Returns: Map containing all strength factor results

Release Notes

v2

Updated:
get_uniformity_sf(lookback, thr_opt, thr_inp, stddev_mult, lineancy)
Calculate Uniformity Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input
stddev_mult (float): Standard deviation multiplier
lineancy (float): Lineancy adjustment
Returns: [uniformity_sf, uniformity_avg, uniformity_threshold, uniformity_prc_of_thr]

Release Notes

v4

Added:
get_breakout_direction(higH, loW, high_prev, low_prev)
Calculate breakout direction based on price action
Parameters:
higH (float): Current high
loW (float): Current low
high_prev (float): Previous high
low_prev (float): Previous low
Returns: [bro_dir, is_outside_bar, is_inside_bar] Breakout direction and bar type flags

Updated:
get_distance_sf(lookback, thr_opt, thr_inp, lineancy)
Calculate Distance Strength Factor
Parameters:
lookback (int): Lookback period for average
thr_opt (string): Threshold option
thr_inp (float): User threshold input (as multiplier of average)
lineancy (float): Lineancy adjustment
Returns: [distance_sf, distance_avg, distance_threshold, distance_prc_of_thr]

get_all_strength_factors(lookback, lineancy, dist_thr_opt, dist_thr_inp, uni_thr_opt, uni_thr_inp, uni_stddev_mult, ovl_thr_opt, ovl_thr_inp, body_thr_opt, body_thr_inp, close_thr_opt, close_thr_inp, breakout_thr_opt, breakout_thr_inp, bro_dir, is_inside_bar)
Get all strength factors at once (convenience function)
Parameters:
lookback (int): Lookback period for averages
lineancy (float): Lineancy adjustment percentage
dist_thr_opt (string): Distance threshold option
dist_thr_inp (float): Distance threshold input
uni_thr_opt (string): Uniformity threshold option
uni_thr_inp (float): Uniformity threshold input
uni_stddev_mult (float): Uniformity standard deviation multiplier
ovl_thr_opt (string): Overlap threshold option
ovl_thr_inp (float): Overlap threshold input
body_thr_opt (string): Body threshold option
body_thr_inp (float): Body threshold input
close_thr_opt (string): Close threshold option
close_thr_inp (float): Close threshold input
breakout_thr_opt (string): Breakout threshold option
breakout_thr_inp (float): Breakout threshold input
bro_dir (int): Breakout direction
is_inside_bar (bool): Is inside bar flag
Returns: Map containing all strength factor results

Release Notes

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.

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Disclaimer

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Pine library

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