Buy Sell Magical Trend

The Buy Sell Magical Trend indicator is a “trailing stop” style indicator made of trend inversion obtained with Bollinger Bands. SignalPeriod is the period of the Bollinger bands and ArrowPeriod the standard deviation applied to it.
The arrows are painted on the breakthrough of the other side band with segments connecting the 2 most recent arrows.

//PRC_BuySell Magic | indicator
//17.04.23
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

// --- settings 
SignalPeriod = 12
ArrowPeriod = 2
// --- end of settings 

bbup = average[signalperiod]+std[signalperiod]*arrowperiod
bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then
if close crosses over bbup then
ts=bbdn
trend=1
elsif close crosses under bbdn then
ts=bbup
trend=-1
endif
endif

if trend=1 then
ts=max(ts,bbdn)
elsif trend=-1 then
ts=min(ts,bbup)
endif

if trend=1 and close crosses under ts then
trend=-1
ts=bbup
r=255
g=0
drawarrowdown(barindex,ts) coloured("red")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

if trend=-1 and close crosses over ts then
trend=1
ts=bbdn
r=0
g=255
drawarrowup(barindex,ts) coloured("lime")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

return ts coloured(r,g,0) style(dottedline,2)

//PRC_BuySell Magic | indicator

//17.04.23

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

// --- settings

SignalPeriod = 12

ArrowPeriod = 2

// --- end of settings

bbup = average[signalperiod]+std[signalperiod]*arrowperiod

bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then

if close crosses over bbup then

ts=bbdn

trend=1

elsif close crosses under bbdn then

ts=bbup

trend=-1

endif

if trend=1 then

ts=max(ts,bbdn)

elsif trend=-1 then

ts=min(ts,bbup)

endif

if trend=1 and close crosses under ts then

trend=-1

ts=bbup

r=255

g=0

drawarrowdown(barindex,ts) coloured("red")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

if trend=-1 and close crosses over ts then

trend=1

ts=bbdn

r=0

g=255

drawarrowup(barindex,ts) coloured("lime")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

return ts coloured(r,g,0) style(dottedline,2)

bollinger bollinger bands trading signals trailingstop trend

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Filename : download the ITF files

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FXtonio • 04/17/2023 #
Bonjour Nicolas, génial cet indicateur, plutôt précis (67% de trades gagnants) merci 🙂
- Nicolas • 04/17/2023 #
  C’est “magical” ! Bonne continuation 🙂
- RICOU • 348 days ago #
  Bonjour, quelle est la meilleure UT pour travailler avec cet indicateur?
- FXtonio • 345 days ago #
  @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de trade gagnant rr 1.5

superfalcio • 04/17/2023 #
Hello Nicolas, just started having a look on this last indicator : what timeframe this default parameters are working better? and as forex than indeces? thank you 🙂
- Nicolas • 04/17/2023 #
  I don’t know, this is your part 🙂

gioport • 04/17/2023 #
Bonjour Nicolas…..
est-il possible de construire un écran …. merci
- Nicolas • 04/17/2023 #
  Merci d’ouvrir un sujet sur le forum avec une description complète du screener.

RICOU • 04/17/2023 #
Bonjour Nicolas, est il possible d’avoir un codage complet d’un trade automatique avec les paramètres de cet indicateur ?
- Nicolas • 04/17/2023 #
  Oui, merci d’ouvrir un sujet dans le forum ProOrder pour créer une stratégie avec cet indicateur.

Chrisinobi • 363 days ago #
Hallo Nicolas eine Tolle Arbeit, wie immer !!!! Eine Frage zu Deinem Indikator, könntest du es so bauen, das man ein Signal auf die Pfeile setzen kann ???? Danke
- Nicolas • 360 days ago #
  Ändern Sie die letzte Zeile des Codes mit:
  return ts coloured(r,g,0) style(dottedline,2), trend as “trend direction”
  um den Trend zu erhalten (1=grün, -1=rot)

Chrisinobi • 360 days ago #
Danke Nicolas, vielleicht habe ich mich verkehrt ausgedrückt, ich will gerne einen Alarm auf dem Pfeil haben um damit Automatisch einen Trade zu beginnen. Wenn das so möglich wäre ??? Nicht als Algo einfach nur in der Alarmeinstellung, um nicht ständig den Bildschirm zu beobachten müssen. Vielen Dank
- Nicolas • 360 days ago #
  das ist richtig, man kann die Warnungen nicht codieren, also muss man das integrierte Tool der Plattform verwenden.

Chrisinobi • 360 days ago #
Ich Denke, ich habe es begriffen, in den Alarmeinstellung einfach, kreuzt über Wert 1, als Buy und kreuzt unter Wert -1, als Sell. Nochmals Danke

aldtrading • 357 days ago #
Merci pour votre travail.

JC_Bywan • 342 days ago #
For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-magic-indicator/#post-214201
For people interested in a strategy: https://www.prorealcode.com/topic/buy-sell-magical-trend/

octum • 201 days ago #
Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?)
Puedes corregir porfa? Gracias.

groelandes Cuando te descargas el fichero itf, en su código no aparece toda la configuración de alertas...

Iván Si lo descargas e importas en tu PRT verás que se han creado las variables para luego config...

Stenozar Hi Ivan, can you translate from tradingviwe the EMA TREND METER INDICATOR? It couid be inte...

Iván Hi Yes I can. Please, create a new topic for that I will translate it.

Stenozar Hi Ivan, I've created a new topic about the indicator: https://www.prorealcode.com/topic/ema...

Doddge Hola Iván, ¿sería posible crear un screener que indique cuándo las velas coloreadas del indi...

RTR Ivan thank you for the pro-screener. I a trying to understand how to write the signals from ...

Iván Hi, Lines 62 and 63. These lines define buy and sell conditions.

Iván Hi You should delete from the indicator code all drawing functions and all variables not us...

Iván I've created a screener to show [longcondition or shortcondition]

Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...

MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.

Madrosat Hello Ivan Did you try a strategy with this indicator

Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.

cjr30 Simplemente modifica las lineas 19 y 21 por las siguientes: drawtext("▲",barindex,low-0.1*a...

groelandes Gracias!!

WhyAskOZ i copied the code into strategy and it gives error on line 21 and 23. it says " Line 1: ...

Madrosat Hello Ivan You have interesting topics on indicators , smart supertrend, optimised trend t...

Iván Hi! thanks. All of these codes are translations requested in the forum. I've on mind to back...

Raspete01 Buenos días Iván, estoy intentando llevar el código eliminando los colores y pasando un Back...

ARLEQUIN49 Hello Ivan, Would it be possible to convert the code of this QQE MOD indicator which accomp...

ARLEQUIN49 here is the code: //@version=4 //By Glaz, Modified // study("QQE MOD") RSI_Period = i...

Iván Hi, Yes I can translate it but please, create a new topic for it.

Fgats quelques explications en Français ici : Some explanations in French here : https://www.p...

Nicolas Merci pour cette contribution, j'apprécie ! :)

Fgats Merci Nicolas pour ces encouragements et merci aussi pour le commentaire en Anglais accompa...

bousalahane hello, thank you for sharing, I’m not top strong in the programation part, there is a way to...

Fgats Hi, With this indicator I just wanted to show the interest that can exist to synthesize th...

davidguerreir how to adapt nbStdSig values ?

Nicolas Simple strategy with this indicator is available here: https://www.prorealcode.com/topic/ut-...

FXtonio Nicolas.... MERCI 1 millions de fois, cet indicateur gagne dans 75% des cas en scalping m1 ...

davy42 bonjour, à quel moment apparait le fleche, à l'ouverture ou la fermeture de la bougie? merci

616248 Bonjour Nicolas, Peux tu nous expliquer le principe de fonctionnement ? Ou nous mettre un...

Nicolas Le lien vers l'article IFTA de l'auteur est dans le post déjà :)

P. Marlowe Very poweful indeed. It deserves close attention. I really appreciate very much IFTA backgro...

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