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Precision Trading Insights with Smart Institutional Order Flow
🌸 SPRING SALE 🌸 Get 35% OFF with code: SPRINGSALE – Valid until April 22, 2025
Precision Trading Insights with Smart Institutional Order Flow
This option could lead to some strange side effects:Â How to fix it?
Logic:
Identify the oldest line by calculating the distance from the current bar and delete it.
Key Steps:
Check the bar_distance for all lines.
Remove the line with the maximum distance (furthest back in time).
When to use:
When you want to clean up the chart by removing lines that are the least relevant to the current price action.
Pros:
Precise cleanup targeting the least relevant (oldest) lines.
Cons:
Can be slower due to looping through many lines.
Logic:
This strategy first prioritizes deleting inactive lines. Only if no inactive line is found does it delete the oldest active line.
Key Steps:
Loop through all lines and check their is_active status.
Prefer deleting the oldest inactive line.
If no inactive lines are available, delete the oldest active line.
When to use:
When inactive lines clutter the chart and should be prioritized for removal.
Pros:
More efficient for long-term analysis, as it prioritizes active vs. inactive lines.
Cons:
Slightly more complex than Strategy 1 due to dual checks.
Logic:
Find and delete the line that is the furthest away from the current bar, regardless of whether it is active or inactive.
Key Steps:
Calculate the bar_distance from the current price.
Identify the least relevant line (with the maximum distance).
Delete it.
When to use:
If the priority is purely on proximity to the current bar and relevance is based on time.
Pros:
Effective in ensuring that lines closest to current price action are maintained.
Cons:
Active lines that are far back in history may be deleted.
Logic:
Use a FIFO approach by deleting the oldest line first without evaluating its relevance.
Key Steps:
Use array.shift() to remove the oldest line and its corresponding data.
Continue the process until enough lines are cleared.
When to use:
When performance is crucial and you want the fastest way to free space.
Pros:
Extremely fast and efficient with minimal overhead.
Cons:
Doesn’t evaluate whether the line is active or relevant, so important lines may be removed.
| Strategy | Priority | Speed | Accuracy | When to Use |
1. Oldest Line Deletion | Oldest line based on time (global view) | Medium | High | When precision in targeting irrelevant lines is required. |
2. Prioritized Deletion | Inactive lines first, then oldest active | Medium | High | When inactive lines should be cleared first to declutter. |
3. Distance-Based | Furthest from current price | Medium | High | When maintaining lines closer to the current bar is essential. |
4. FIFO Strategy | Oldest line first (no evaluation) | Fast | Low | When quick cleanup is needed, and precision isn’t important. |
Recommendation:
Use Strategy 1b or Strategy 3 when accuracy and relevance are key.
Use Strategy 4 (FIFO) for maximum speed and minimal processing delay.
Experiment with these strategies to determine which best fits your trading and charting needs!
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