PINE LIBRARY
WeightedSumIndex
Updated
Library "WeightedSumIndex"
WeightedSumIndex: Helper class to build indices.
Index value is a normalized weighted sum of all its input signals.
The value is from 0 to 100
fun(x)
TODO: add function description here
Parameters:
x (float): TODO: add parameter x description here
Returns: TODO: add what function returns
init()
Initialize an Index
Returns: A new instance of Index object with no signals
method add(idx, signal)
Adds the specified signal to the index
Namespace types: Index
Parameters:
idx (Index): The Index object
signal (Signal): Signal object
method calc(idx)
Caclulates the Index value
Namespace types: Index
Parameters:
idx (Index): The Index object
Returns: Normalized weighted sum of all signals with on=true
method update(idx)
Calculates the Index value by calling idx.calc() and stores its value in the Index object.
Namespace types: Index
Parameters:
idx (Index): The Index object
Signal
Parameters of input signal
Fields:
on (series bool): Switch the signal on/off
weight (series float)
value (series float): Value of the signal: should be between min and max
min (series float)
max (series float)
Index
The Index type with its properties and stored values
Fields:
signals (Signal[])
value (series float): Value of the index, must be calculated using calc() method
WeightedSumIndex: Helper class to build indices.
Index value is a normalized weighted sum of all its input signals.
The value is from 0 to 100
fun(x)
TODO: add function description here
Parameters:
x (float): TODO: add parameter x description here
Returns: TODO: add what function returns
init()
Initialize an Index
Returns: A new instance of Index object with no signals
method add(idx, signal)
Adds the specified signal to the index
Namespace types: Index
Parameters:
idx (Index): The Index object
signal (Signal): Signal object
method calc(idx)
Caclulates the Index value
Namespace types: Index
Parameters:
idx (Index): The Index object
Returns: Normalized weighted sum of all signals with on=true
method update(idx)
Calculates the Index value by calling idx.calc() and stores its value in the Index object.
Namespace types: Index
Parameters:
idx (Index): The Index object
Signal
Parameters of input signal
Fields:
on (series bool): Switch the signal on/off
weight (series float)
value (series float): Value of the signal: should be between min and max
min (series float)
max (series float)
Index
The Index type with its properties and stored values
Fields:
signals (Signal[])
value (series float): Value of the index, must be calculated using calc() method
Release Notes
v2 cleanup (nothing's changed)Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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.