Gaussian-Filtered Price and Range Bands with RSI-Stochastic Inputs

Summary

The visible portion of this Pine strategy calculates RSI and an RSI-based Stochastic oscillator, then builds a multi-pole Gaussian filter of a selected price source and true range. The filter’s direction determines its plot color, while upper and lower bands are formed by adding or subtracting filtered true range multiplied by a configurable factor. Inputs control the number of poles, sampling period, range multiplier, and optional reduced-lag and faster-response modes. The script also sets a date window, full-equity order sizing, commission, and slippage assumptions.

The supplied text ends partway through the plotting section, before any complete entry or exit conditions are shown. It therefore does not establish how the indicators are turned into trades or what the strategy’s results are. No market, timeframe, backtest report, or performance evidence appears in the available portion. The filter and band calculations are described by the visible source, but their trading value and robustness cannot be assessed without the missing rules and results.

Key ideas

• The visible script computes an RSI and a smoothed Stochastic oscillator derived from RSI.
• A configurable multi-pole Gaussian filter is applied to price and true range.
• The upper and lower bands offset the filtered price by a multiple of filtered true range.
• Optional settings adjust lag and response speed, while the strategy specifies commission, slippage, and equity-based sizing.
• The text cuts off before entry and exit rules, so it provides no basis for evaluating trades or performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.