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Autocorrelative Power Oscillator (APO) [SpiritualHealer117]
This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength.
Basic Explanation of the Indicator
This indicator calculates an asset's Pearson's R coefficient when compared with several different lags of the stock's price. After that, the oscillator checks whether the indicator is in the green or red compared to those correlations, and takes the sum of the correlative periods to predict which direction the market should go based on the relationship of the current price with its past correlations.
Basic Explanation of the Indicator
This indicator calculates an asset's Pearson's R coefficient when compared with several different lags of the stock's price. After that, the oscillator checks whether the indicator is in the green or red compared to those correlations, and takes the sum of the correlative periods to predict which direction the market should go based on the relationship of the current price with its past correlations.
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开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。