SRT Algorithm

SRT 📈

Explanation

What is SRT?

• It is a momentum indicator mainly for the stock market.
• It calculates the strength and speed of the variable/stock price.
• By finding the strength and speed, it accurately indicates and uptrend and downtrend, hence also signaling buys and shorts.
• When the uptrend starts, it is time to buy.
• When the downtrend starts, it is time to short.

Plain Text

Up Trend = X > 30
Down Trend = X < 20
Consolidation = X < 30 and x > 20


X  = 50 - (50 / Y)
Y = (G / L) + 1
G = (Sum of 14 period P) / 14
L = (Sum of 14 period D) / 14
P = if C > 0, then C, else 0
D = if C < 0, then abs(C), else 0
C = V - Prev. V
V = Data Variable (eg. Stock Price)

Pine Script Indicator (For Tradingview > www.tradingview.com/chart)

//@version=4
study(title="SRT", shorttitle="SRT", format=format.price, precision=2, resolution="")
len = input(14, minval=1, title="Length")
src = input(close, "Source", type = input.source)
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
len6 = input(4, minval=1, title="Line width")
a= down == 0 ? 100 : up == 0 ? 0 : 50 - (50 / (1 + up / down))
plot(a, "+", color=(a > 30) ? color.green : color.orange, linewidth=len6)