Alphatrend Indicator conversion

nitinvijayrane · 2023-04-06T09:45:55+00:00

Hi All, I have been working on a stratergy to use a Alphatrend indicator which is available in tradingView. Source code is here // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // author © KivancOzbilgic // developer © KivancOzbilgic //@version=5 indicator(‘AlphaTrend’, shorttitle=’AT’, overlay=true, format=format.price, precision=2, timeframe=”) coeff = input.float(1, ‘Multiplier’, step=0.1) AP = input(14, ‘Common Period’) ATR = ta.sma(ta.tr, AP) src = input(close) showsignalsk = input(title=’Show Signals?’, defval=true) novolumedata = input(title=’Change calculation (no volume data)?’, defval=false) upT = low – ATR * coeff downT = high + ATR * coeff AlphaTrend = 0.0 AlphaTrend := (novolumedata ? ta.rsi(src, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ? upT nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : downT color1 = AlphaTrend > AlphaTrend[2] ? #00E60F : AlphaTrend AlphaTrend[3] ? #00E60F : #80000B k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3) k2 = plot(AlphaTrend[2], color=color.new(#FC0400, 0), linewidth=3) fill(k1, k2, color=color1) buySignalk = ta.crossover(AlphaTrend, AlphaTrend[2]) sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend[2]) K1 = ta.barssince(buySignalk) K2 = ta.barssince(sellSignalk) O1 = ta.barssince(buySignalk[1]) O2 = ta.barssince(sellSignalk[1]) plotshape(buySignalk and showsignalsk and O1 > K2 ? AlphaTrend[2] * 0.9999 : na, title=’BUY’, text=’BUY’, location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(#0022FC, 0), textcolor=color.new(color.white, 0)) plotshape(sellSignalk and showsignalsk and O2 > K1 ? AlphaTrend[2] * 1.0001 : na, title=’SELL’, text=’SELL’, location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.maroon, 0), textcolor=color.new(color.white, 0)) alertcondition(buySignalk and O1 > K2, title=’Potential BUY Alarm’, message=’BUY SIGNAL!’) alertcondition(sellSignalk and O2 > K1, title=’Potential SELL Alarm’, message=’SELL SIGNAL!’) alertcondition(buySignalk[1] and O1[1] > K2, title=’Confirmed BUY Alarm’, message=’BUY SIGNAL APPROVED!’) alertcondition(sellSignalk[1] and O2[1] > K1, title=’Confirmed SELL Alarm’, message=’SELL SIGNAL APPROVED!’) alertcondition(ta.cross(close, AlphaTrend), title=’Price Cross Alert’, message=’Price – AlphaTrend Crossing!’) alertcondition(ta.crossover(low, AlphaTrend), title=’Candle CrossOver Alarm’, message=’LAST BAR is ABOVE ALPHATREND’) alertcondition(ta.crossunder(high, AlphaTrend), title=’Candle CrossUnder Alarm’, message=’LAST BAR is BELOW ALPHATREND!’) alertcondition(ta.cross(close[1], AlphaTrend[1]), title=’Price Cross Alert After Bar Close’, message=’Price – AlphaTrend Crossing!’) alertcondition(ta.crossover(low[1], AlphaTrend[1]), title=’Candle CrossOver Alarm After Bar Close’, message=’LAST BAR is ABOVE ALPHATREND!’) alertcondition(ta.crossunder(high[1], AlphaTrend[1]), title=’Candle CrossUnder Alarm After Bar Close’, message=’LAST BAR is BELOW ALPHATREND!’)

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04/06/2023 at 10:45 AM #212934 quote

nitinvijayrane
Participant

New

Hi All,

I have been working on a stratergy to use a Alphatrend indicator which is available in tradingView. Source code is here

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// author © KivancOzbilgic

// developer © KivancOzbilgic

//@version=5

indicator(‘AlphaTrend’, shorttitle=’AT’, overlay=true, format=format.price, precision=2, timeframe=”)

coeff = input.float(1, ‘Multiplier’, step=0.1)

AP = input(14, ‘Common Period’)

ATR = ta.sma(ta.tr, AP)

src = input(close)

showsignalsk = input(title=’Show Signals?’, defval=true)

novolumedata = input(title=’Change calculation (no volume data)?’, defval=false)

upT = low – ATR * coeff

downT = high + ATR * coeff

AlphaTrend = 0.0

AlphaTrend := (novolumedata ? ta.rsi(src, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ? upT < nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : upT : downT > nz(AlphaTrend[1]) ? nz(AlphaTrend[1]) : downT

color1 = AlphaTrend > AlphaTrend[2] ? #00E60F : AlphaTrend < AlphaTrend[2] ? #80000B : AlphaTrend[1] > AlphaTrend[3] ? #00E60F : #80000B

k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3)

k2 = plot(AlphaTrend[2], color=color.new(#FC0400, 0), linewidth=3)

fill(k1, k2, color=color1)

buySignalk = ta.crossover(AlphaTrend, AlphaTrend[2])

sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend[2])

K1 = ta.barssince(buySignalk)

K2 = ta.barssince(sellSignalk)

O1 = ta.barssince(buySignalk[1])

O2 = ta.barssince(sellSignalk[1])

plotshape(buySignalk and showsignalsk and O1 > K2 ? AlphaTrend[2] * 0.9999 : na, title=’BUY’, text=’BUY’, location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(#0022FC, 0), textcolor=color.new(color.white, 0))

plotshape(sellSignalk and showsignalsk and O2 > K1 ? AlphaTrend[2] * 1.0001 : na, title=’SELL’, text=’SELL’, location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.maroon, 0), textcolor=color.new(color.white, 0))

alertcondition(buySignalk and O1 > K2, title=’Potential BUY Alarm’, message=’BUY SIGNAL!’)

alertcondition(sellSignalk and O2 > K1, title=’Potential SELL Alarm’, message=’SELL SIGNAL!’)

alertcondition(buySignalk[1] and O1[1] > K2, title=’Confirmed BUY Alarm’, message=’BUY SIGNAL APPROVED!’)

alertcondition(sellSignalk[1] and O2[1] > K1, title=’Confirmed SELL Alarm’, message=’SELL SIGNAL APPROVED!’)

alertcondition(ta.cross(close, AlphaTrend), title=’Price Cross Alert’, message=’Price – AlphaTrend Crossing!’)

alertcondition(ta.crossover(low, AlphaTrend), title=’Candle CrossOver Alarm’, message=’LAST BAR is ABOVE ALPHATREND’)

alertcondition(ta.crossunder(high, AlphaTrend), title=’Candle CrossUnder Alarm’, message=’LAST BAR is BELOW ALPHATREND!’)

alertcondition(ta.cross(close[1], AlphaTrend[1]), title=’Price Cross Alert After Bar Close’, message=’Price – AlphaTrend Crossing!’)

alertcondition(ta.crossover(low[1], AlphaTrend[1]), title=’Candle CrossOver Alarm After Bar Close’, message=’LAST BAR is ABOVE ALPHATREND!’)

alertcondition(ta.crossunder(high[1], AlphaTrend[1]), title=’Candle CrossUnder Alarm After Bar Close’, message=’LAST BAR is BELOW ALPHATREND!’)

04/06/2023 at 1:55 PM #212944 quote
Nicolas
Keymaster

Legend
Same indicator as old famous MagicTrend, but with MoneyFlowIndex as trigger for buy/sell trend revert in replacement of the CCI.

Here it is:
```
AP = 14 //Common Period
coeff = 1 //Multiplier

if (MoneyFlowIndex[ap]>=50) then
magic=Low[0]-AverageTrueRange[ap](close)*coeff
endif

if (MoneyFlowIndex[ap]<50) then
magic=High[0]+AverageTrueRange[ap](close)*coeff
endif

if (MoneyFlowIndex[ap]>=50 and magic<magic[1]) then
magic=magic[1]
endif

if (MoneyFlowIndex[ap]<50 and magic>magic[1]) then
magic=magic[1]
endif

if magic>magic[1] then 
r=0
g=255
elsif magic<magic[1]then 
r=255
g=0
endif 

return magic as "AlphaTrend" coloured(r,g,0)
```
GraHal and Distincttacos thanked this post

alphatrend-prorealtime.png
04/07/2023 at 8:12 AM #212987 quote

Nicolas
Keymaster

Legend

For convenience, I placed the indicator in the library, accessible for download here: AlphaTrend
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