Nilesh's System
Somehow similar to buy sell signal arrows of Nirvana but signals occur earlier than nirvana so results in more whipsaws. Invented much before Nirvana by Nilesh.
Code:
SetChartOptions(0,chartShowArrows|chartShowDates);
_SECTION_BEGIN("Background_Setting");
SetChartBkGradientFill( ParamColor("BgTop", colorBlack),
ParamColor("BgBottom", colorBlack),ParamColor("titleblock",colorDarkTeal ));
_SECTION_END();
_SECTION_BEGIN("Flower");
Prd1=Param("ATR Period",4,1,20,1);
Prd2=Param("Look Back",7,1,20,1);
green = HHV(LLV(L,Prd1)+ATR(Prd1),Prd2);
red = LLV(HHV(H,Prd1)-ATR(Prd1),Prd2);
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
barColor=IIf(C>Green ,colorBrightGreen,IIf(C < RED,colorRed,colorWhite));
PlotOHLC( IIf(flowerOpen<flowerClose, flowerOpen, flowerClose),flowerHigh,flowerLow,IIf(flowerOpen<flowerClose, flowerClose, flowerOpen), "Close", barColor, styleNoTitle | styleCandle);
_SECTION_END();
_SECTION_BEGIN("OsSetting");
OBSetting=Param("Setting",45,1,500,1);
Bline = StochD(OBSetting);
Oversold=Bline<=30;
Overbought=Bline>=85;
PlotShapes (IIf(Oversold, shapeSmallCircle, shapeNone) ,colorBrightGreen, layer = 0, yposition = flowerLow, offset = -8 );
PlotShapes (IIf(Overbought, shapeSmallCircle, shapeNone) ,colorRed, layer = 0, yposition = flowerHigh, offset = 7 );
_SECTION_END();
_SECTION_BEGIN("Breakout Setting");
Buyperiods=Param("Breakout periods best is usually 18",5,1,100,1,1); //10 is good for adding
Sellperiods=Param("Exit Breakout",6,1,100,1,1); //4 is good for adding
Buy= C>Ref(HHV(H,Buyperiods),-1);
Sell= O<Ref(LLV(O,Sellperiods),-1);
/* exrem is one method to remove surplus strade signals. It removes excessive signals of arrow */
top=Max(Close,Ref(Close,-1));
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
shapeUpArrow = Param("Buy Shape Typ",59,1,60,1);
//shapeDownArrow = Param("Sell Shape Typ",60,1,60,1);
PlotShapes(shapeUpArrow * Buy, ParamColor("Buy Arrow", colorYellow),0,flowerLow, - 15);
//PlotShapes(shapeDownArrow * Sell, ParamColor("sell Arrow", colorRed),0,flowerLow, - 15);
PlotShapes( IIf( Sell, shapeDownArrow, shapeNone ), colorCustom12, layer = 0, yposition = top, offset = -60 );
_SECTION_END();
_SECTION_BEGIN("Parameters");
LB1= Param("Long LookBack Periods",42,1,60,1);
LB3= Param("Mid LookBack Periods",18,1,30,1);
LB2= Param("Short LookBack Periods",6,1,30,1);
_SECTION_END();
_SECTION_BEGIN("ResistanceLong");
RsColor=ParamColor("LongResColor",colorOrange);
BrCount=Param("LongBarLength",65,1,500,1);
for (i=0;i<BarCount-BrCount;i++) //hide the line except most recent 10 bars
{
RsColor[i] = colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
R=ValueWhen(Cross(MA(flowerClose,LB1),C),HHV(flowerHigh,LB1),-1);
Plot(R,"Resistance",RsColor,ParamStyle("LongResStyle",styleNoTitle|styleLine|styleDots|styleStaircase|styleThick,maskAll));
_SECTION_END();
_SECTION_BEGIN("ResistanceMid");
Rs3Color=ParamColor("MidResColor",colorCustom4);
BrCount3=Param("MidBarLength",40,1,500,1);
for (i=0;i<BarCount-BrCount3;i++) //hide the line except most recent 10 bars
{
Rs3Color[i] =colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
RM2=ValueWhen(Cross(EMA(flowerClose,LB3),C),HHV(flowerHigh,LB3),-1);
Plot(RM2,"MidRes",Rs3Color,ParamStyle("MidResStyle",styleLine|styleStaircase|styleNoTitle,maskAll));
_SECTION_END();
_SECTION_BEGIN("ResistanceShort");
Rs2Color=ParamColor("ShortResColor",colorCustom12);
BrCount2=Param("ShortResLength",12,1,500,1);
for (i=0;i<BarCount-BrCount2;i++) //hide the line except most recent 10 bars
{
Rs2Color[i] = colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
RM=ValueWhen(Cross(TEMA(flowerClose,LB2),C),HHV(flowerHigh,LB2),-1);
Plot(RM,"ShortRes",Rs2Color,ParamStyle("ShortResStyle",styleDashed|styleThick|styleNoTitle|styleStaircase,maskAll));
_SECTION_END();
_SECTION_BEGIN("SupportLong");
Sup1Color=ParamColor("LongSupColor",colorBlue);
BrCount4=Param("LongSupBarLength",65,1,500,1);
for (i=0;i<BarCount-BrCount4;i++) //hide the line except most recent 10 bars
{
Sup1Color[i] =colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
S=ValueWhen(Cross(MA(flowerClose,LB1),C),LLV(flowerLow,LB1),-1);
Plot(s,"Support",Sup1Color,ParamStyle("SupStyle",styleLine|styleDots|styleStaircase|styleThick|styleNoTitle,maskAll));
_SECTION_END();
_SECTION_BEGIN("SupportMid");
Sup3Color=ParamColor("MidSupColor",colorDarkYellow);
BrCount6=Param("MidBarLength",40,1,500,1);
for (i=0;i<BarCount-BrCount6;i++) //hide the line except most recent 10 bars
{
Sup3Color[i] =colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
SM2=ValueWhen(Cross(EMA(flowerClose,LB3),C),LLV(flowerLow,LB3),-1);
Plot(SM2,"MidSup",Sup3Color,ParamStyle("MidSupStyle",styleLine|styleStaircase|styleNoTitle,maskAll));
_SECTION_END();
_SECTION_BEGIN("SupportShort");
Sup2Color=ParamColor("ShortSupColor",colorPink);
BrCount5=Param("ShortSupBarLength",12,1,500,1);
for (i=0;i<BarCount-BrCount5;i++) //hide the line except most recent 10 bars
{
Sup2Color[i] =colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
SM=ValueWhen(Cross(TEMA(flowerClose,LB2),C),LLV(flowerLow,LB2),-1);
Plot(SM,"ShortSup",Sup2Color,ParamStyle("ShortSupStyle",styleDashed|styleThick|styleNoTitle|styleStaircase,maskAll));
_SECTION_END();
_SECTION_BEGIN("Cloud Setting");
//Cloud
ParmCloud = ParamToggle("Cloud", "No|Yes", 0);
CloudResColor=ParamColor("CloudResColor",colorDarkTeal);
BrCount7=Param("CloudResLength",15,1,500,1);
for (i=0;i<BarCount-BrCount7;i++) //hide the line except most recent 10 bars
{
CloudResColor[i] = colorBlack;
}
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
CS=ValueWhen(Cross(WMA(flowerClose,LB2),C),LLV(flowerLow,LB2),-1);
CR=ValueWhen(Cross(WMA(flowerClose,LB2),C),HHV(flowerHigh,LB2),-1);
if(parmCloud == 1)
{
PlotOHLC( CS, CS, CR,CR, "Band", CloudResColor, styleCloud | styleNoLabel|styleNoTitle);
}
_SECTION_END();
Title = StrFormat("\\c02 {{NAME}} | {{DATE}} | Open : %g | High : %g | Low : %g | Close : %g | Change = %.1f%% | Volume = " +WriteVal( V, 1.0 ) +", {{VALUES}}",
O, H, L, C, SelectedValue( ROC( C, 1 )) );
_SECTION_BEGIN("Keltner Bands");
Smooth = Param("Smoothness",14,2,100,1);
Length = 20; Num_ATRs = 1.5;
// Length and Num_ATRs parameters should be personalized for your preferred settings.
Mov_Avg = MA((H+L+C)/3,Length);
KUP = Mov_Avg + Num_ATRs * ATR(Length);
KDOWN = Mov_Avg - Num_ATRs * ATR(Length);
Plot (MA(KUP,smooth),"KUP",colorGreen,styleLine);
Plot (MA(KDown,smooth), "Kdown",colorRed,styleLine);
Plot (MA(Mov_Avg,smooth),"Mov_Avg",colorYellow , styleDashed);
_SECTION_END();Somehow similar to buy sell signal arrows of Nirvana but signals occur earlier than nirvana so results in more whipsaws. Invented much before Nirvana by Nilesh.
