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RobertD7723

ConditionZero

RobertD7723  
Candlestick Analysis priceactionanalysis priceaction
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candlestick priceactionanalysis priceaction
This study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts.

One common formula that is prone to this situation is:

pct=(high-close)/(high-low)

This is used to calculate percentage change of a candlestick.

Common outcomes are 0/0, 0/x, x/0, where x is a non zero value.

Visualizing this situation allows for more robust script development and deployment.

There are no user configurations.
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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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