Shinoara Ratio Indicator

• 06/03/2020 at 1:58 PM #134405
  Loop

  Dear All,

  I found this indicator (Shinoara Ratio) for Tradingview and I was wondering if you could transform it in prt code:

  https://www.tradingview.com/script/WqDQjQmB/

  Thanks a lot in advance

  Loop

  Shinohara Ratio

  // @version=2 study("Shinohara Ratio") len = input(title="Length", type=integer, defval=14) line1 = input(title="Line 1", type=integer, defval=50) line2 = input(title="Line 2", type=integer, defval=100) line3 = input(title="Line 3", type=integer, defval=150) line4 = input(title="Line 4", type=integer, defval=80) line5 = input(title="Line 5", type=integer, defval=120) A_bull = sum(high, len) - sum(open, len) A_bear = sum(open, len) - sum(low, len) B_bull = sum(high, len) - sum(close[1], len) B_bear = sum(close[1], len) - sum(low, len) A_ratio = 100 * A_bull/A_bear B_ratio = 100 * B_bull/B_bear plot(A_ratio, color=blue, title="A Ratio") plot(B_ratio, color=red, title="B Ratio") hline(line1, color=red, linestyle=solid) hline(line2, color=black, linestyle=solid) hline(line3, color=blue, linestyle=solid) hline(line4, color=green, linestyle=solid) hline(line5, color=green, linestyle=solid)

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  // @version=2 study("Shinohara Ratio") len = input(title="Length", type=integer, defval=14) line1 = input(title="Line 1", type=integer, defval=50) line2 = input(title="Line 2", type=integer, defval=100) line3 = input(title="Line 3", type=integer, defval=150) line4 = input(title="Line 4", type=integer, defval=80) line5 = input(title="Line 5", type=integer, defval=120)   A_bull = sum(high, len) - sum(open, len) A_bear = sum(open, len) - sum(low, len)   B_bull = sum(high, len) - sum(close[1], len) B_bear = sum(close[1], len) - sum(low, len)   A_ratio = 100 * A_bull/A_bear B_ratio = 100 * B_bull/B_bear   plot(A_ratio, color=blue, title="A Ratio") plot(B_ratio, color=red, title="B Ratio") hline(line1, color=red, linestyle=solid) hline(line2, color=black, linestyle=solid) hline(line3, color=blue, linestyle=solid) hline(line4, color=green, linestyle=solid) hline(line5, color=green, linestyle=solid)

  

  Loop

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  06/03/2020 at 4:21 PM #134425
  Nicolas

  4th times you asked for a code conversion and you still don’t follow the rules to ask for it. Please add a description and provide some screenshots.

  

  Nicolas

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  06/03/2020 at 5:05 PM #134440
  Loop

  Dear Nicolas,
  sorry for messing up the rules of the forum, which is always excellent thanks to your hard work.
  I try to remedy here. This indicator description from google is the following: “Shinohara Intensity Ratio indicator can be used to analyze between the strength of the stock of strong ratio and popularity of weak ratio. The strong ratio means that Strong Energy Level Ratio and weak ratio means that Strong Energy Level, Weak Popularity Ratio. However, this is a lesser-known study and should be used only with a combination of other technical indicators.” To be honest I don’t finf this explanation very meaningful.

  I found this indicator interesting because it reminds me something already published on prorealcode website which I used with some success:

  https://www.prorealcode.com/prorealtime-indicators/trend-force/

  I attached also a screenshot of the indicator from Yahoo Finance website, in which the indicator was set on 50 periods.
  Apologies again

  Best regards

  Loop

  

  Loop

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  06/04/2020 at 8:27 AM #134521
  Nicolas

  Here is the code translated with the formula you posted, but it doesn’t seem to be the same being used in the screenshot you provided.

  len = 50 //length Abull = summation[len](high) - summation[len](open) Abear = summation[len](open) - summation[len](low) Bbull = summation[len](high) - summation[len](close[1]) Bbear = summation[len](close[1]) - summation[len](low) Aratio = 100 * Abull/Abear Bratio = 100 * Bbull/Bbear return Aratio coloured(0,0,255), Bratio coloured(255,0,0)

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  len = 50 //length   Abull = summation[len](high) - summation[len](open) Abear = summation[len](open) - summation[len](low)   Bbull = summation[len](high) - summation[len](close[1]) Bbear = summation[len](close[1]) - summation[len](low)   Aratio = 100 * Abull/Abear Bratio = 100 * Bbull/Bbear   return Aratio coloured(0,0,255), Bratio coloured(255,0,0)

   

  

  Nicolas

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  06/05/2020 at 3:17 PM #134724
  Loop

  Thank you Nicolas for your prompt reply.

  Indeed it looks very different from the outcome of the attached picture.

  Even doing some Google search I can’t find the code. I think it’s a bit strange since this indicator is among the pre-defined indicators of Yahoo Finance therefore it shouldn’t be too exotic.

  Never mind, if anyone in the community has ever heard about it please feel free to add some comments.

  Thanks again

  Cheers

  Loop

  

  Loop

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