OPEN-SOURCE SCRIPT
KNN Oscillator
Overview
The KNN Oscillator is an advanced technical analysis tool designed to help traders identify potential trend reversals and market momentum. Using the K-Nearest Neighbors (KNN) algorithm, this oscillator normalizes KNN values to create a dynamic and responsive indicator. The oscillator line changes color to reflect the market sentiment, providing clear visual cues for trading decisions.
Key Features
How It Works
The KNN Oscillator leverages the K-Nearest Neighbors algorithm to calculate the average distance of the nearest neighbors over a specified period. These values are then normalized to match the stock price range, ensuring they are comparable across different assets. The oscillator value is derived by taking the difference between the normalized KNN values and the source price. The line's color changes dynamically to provide an immediate visual indication of the market's state:
Usage Instructions
The KNN Oscillator is an advanced technical analysis tool designed to help traders identify potential trend reversals and market momentum. Using the K-Nearest Neighbors (KNN) algorithm, this oscillator normalizes KNN values to create a dynamic and responsive indicator. The oscillator line changes color to reflect the market sentiment, providing clear visual cues for trading decisions.
Key Features
- Dynamic Color Oscillator: The line changes color based on the oscillator value – green for positive, red for negative, and grey for neutral.
- Advanced KNN Algorithm: Utilizes the K-Nearest Neighbors algorithm for precise trend detection.
- Normalized Values: Ensures the oscillator values are normalized to align with the stock price range, making it applicable to various assets.
- Easy Integration: Can be easily added to any TradingView chart for enhanced analysis.
How It Works
The KNN Oscillator leverages the K-Nearest Neighbors algorithm to calculate the average distance of the nearest neighbors over a specified period. These values are then normalized to match the stock price range, ensuring they are comparable across different assets. The oscillator value is derived by taking the difference between the normalized KNN values and the source price. The line's color changes dynamically to provide an immediate visual indication of the market's state:
- Green: Positive values indicate upward momentum.
- Red: Negative values indicate downward momentum.
- Grey: Neutral values indicate a stable or consolidating market.
Usage Instructions
- Trend Reversal Detection: Use the color changes to identify potential trend reversals. A shift from red to green suggests a bullish reversal, while a shift from green to red indicates a bearish reversal.
- Momentum Analysis: The oscillator's value and color help gauge market momentum. Strong positive values (green) indicate strong upward momentum, while strong negative values (red) indicate strong downward momentum.
- Market Sentiment: The dynamic color changes provide an easy-to-understand visual representation of market sentiment, helping traders make informed decisions quickly.
- Confirmation Tool: Use the KNN Oscillator in conjunction with other technical indicators to confirm signals and improve the accuracy of your trades.
- Scalability: Applicable to various timeframes and asset classes, making it a versatile tool for all types of traders.
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。