Description:

This indicator is developed for ALEX ATB Bot strategy posted in the library here.

Instructions:

Set values “compra” and “venta” to be shown as HISTOGRAM. That’s all.

How it works?

It shows buy and sell signals.

• Sell signal: Red bar is lighted ON (value=-1) 
• Buy signal: Green bar is lighted ON (value=1)

*Full strategy explanations on strategy post

REM Señal de compra o venta SETJU
REM Variables
mm = Exponentialaverage[8](close)
once uma=Highest[8](high)
once umb=Lowest[8](low)

REM NOTES
// TB = touched bar

//if barindex<2 then
//ltp = mm
//endif
// OBJETIVO
objetivo=45*pipsize


REM Establecimiento del último toque con la media móvil
if High > mm and Low < mm then
 tb = BarIndex
 ltp = mm
 uma = mm
 umb = mm
endif


REM Establecemos nuevo maximo en movimiento alcista
if low>mm then
 n = BarIndex - tb
 uma=Highest[n](high)
 umb=mm
endif

REM Establecemos nuevo minmo en movimiento bajista
if high<mm then
 m = BarIndex - tb
 umb=Lowest[m](low)
 uma=mm
endif


REM Condición de entrada Largo
if (uma-ltp)>objetivo and uma>mm then
 compra=1
endif
if (uma-ltp)<=objetivo then
 compra=0
endif

REM Condición de entrada corto
//corto = ltp-umb
if (ltp-umb)>objetivo and umb<mm then
 venta=-1
endif
if (ltp-umb)<=objetivo then
 venta=0
endif

REM Mostrar Resultado
Return compra coloured(0,128,0) as "compra",  venta coloured(220,20,60) as "venta"