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OPEN-SOURCE SCRIPT

One-Sided Gaussian Support & Resistance Rate [Loxx]

By loxx
Updated
One-Sided Gaussian Support & Resistance Rate [Loxx] is a mean reversion oscillator much like Fisher Transform. This indicator is built using a one-sided Gaussian filter. If you pair this with Fisher Transform and line up the settings, you'll notice similar outcomes. You'll notice that as the oscillator levels out at around zero or one that this signifies a zone of resistance or support. See here for more details on calculating the OS Gaussian Filter:
One-Sided Gaussian Filter w/ Channels [Loxx]


Included:
  • Bar coloring
  • Signals
  • Alerts
  • Ehlers 2-Pole Super Smoothing for smoothing source inputs
Release Notes
Unrestricted levels ingest.
2polesupersmootherehlersFisher Transformgaussiangaussianfiltergaussianmovingaverageonesidedgaussiansupersmoother

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 publication is governed by House rules. You can favorite it to use it on a chart.

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loxx
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