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Ganns square of 9 overextended indicator

Sep 25th, 2023
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  1. //@version=5
  2. indicator('Ganns square of 9 overextended indicator', shorttitle='Overextended Indicator', overlay=false)
  3.  
  4. price_multiplier = input.float(10, title='Price Multiplier')
  5. upper_line_2 = input(90, title='Upper Line 2 in Degrees')
  6. upper_line_1 = input(45, title='Upper Line 1 in Degrees')
  7. lower_line_1 = input(-45, title='Lower Line 1 in Degrees')
  8. lower_line_2 = input(-90, title='Lower Line 2 in Degrees')
  9. ma_size = input(14, title='Moving Average Size')
  10.  
  11. price = close * price_multiplier
  12. ma = ta.sma(price, ma_size)
  13.  
  14. sqrt_price = math.sqrt(price)
  15. sqrt_ma = math.sqrt(ma)
  16.  
  17. diff = sqrt_price - sqrt_ma
  18. degrees = diff * 360 / 2
  19.  
  20. smooth_degrees = ta.sma(degrees, 2)
  21.  
  22. plot(smooth_degrees)
  23. hline(upper_line_2, 'Upper Line 2', color=color.red)
  24. hline(upper_line_1, 'Upper Line 1', color=color.orange)
  25. hline(lower_line_1, 'Lower Line 1', color=color.blue)
  26. hline(lower_line_2, 'Lower Line 2', color=color.purple)
  27.  
  28.  
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