divergence software, inc.
Development & Consulting Services
Product Detail
Rescaled Range (Hurst)
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
This script calculates the rescaled range of a time series and, from that, calculates the Hurst Exponent. The Hurst Exponent is a measurement of the persistency of a fractal time series. When used with shorter calculation periods (e.g., between 10-20 bars) the Hurst Exponent can be used as a trend detection tool. Typically, as the Hurst Exponent drops below 0.60, the time series becomes visibly unpredictable (choppy). Source code is provided so the calculations can be modified and integrated into other studies.
Specifications
- Product ID: STAT4
- Requires eSignal 12.x or newer