alphatrend indicator tradingview pine script

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  • #220643
    // 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!’)
    #220646
    #220693

    Hello, please, thank you!

Viewing 3 posts - 1 through 3 (of 3 total)

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