Polarized TRIN Oscillator

ThinkScripter — Thu, 26 Mar 2009 23:44:14 +0000

I’ve been messing with the TRIN as of late and crafted this polarized oscillator using the average value of the TRIN and TRINQ. The oscillator has been inverted so that a rising oscillator line is indicative of rising prices vice the way the actual TRIN works. I’d have to classify this one as experimental so feel free to hack away and post your modified version in the comments. I’ll be creating a user submissions page over the weekend and look forward to posting some of your best scripts!

# POLARIZEDTRINOSCILLATOR
# (c) 2009 http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 26 MAR 2009

declare lower;

input length = 9;
input EMA_period = 5;

def trin = close("$TRIN");
def trinq = close("$TRIN/Q");

def aveTrin = (trin+trinq)/2;

def fractal = sqrt(power(aveTrin-aveTrin[length],2)+100);
def incremental = sqrt(power(aveTrin-aveTrin[1],2)+1);
def sum = sum(incremental,length);

def resultant = if aveTrin-aveTrin[length] > 0 then round((fractal/sum)*100) else round(-(fractal/sum)*100);

def polarizedTrin = if resultant == 0 then 1 else resultant;
plot PTO = expAverage(-polarizedTrin, EMA_period);
PTO.setDefaultColor(color.yellow);

plot zeroline = 0.0;
zeroline.setDefaultColor(color.white);
plot plusLine =75;
plusLine.setDefaultColor(color.cyan);
plot minusLine = -75;
minusLine.setDefaultColor(color.cyan);

ThinkScripter » polarized

Polarized TRIN Oscillator